Asia FX muted, dollar pressured by Greenland tariff concerns

In the Asian FX market, the dollar is showing muted movement, mainly attributed to concerns regarding newly proposed tariffs on Greenland. There is growing apprehension about the potential economic impact on the U.S., with risk sentiment in the market being influenced significantly. This tariff issue could potentially disrupt the supply-demand balance for the dollar, prompting investors to remain vigilant of market developments. The dollar remains weak against various other currencies, indicating an overall risk-off sentiment. In such a context, traders need to carefully consider which currency pairs might be most affected and adjust their positioning accordingly. Overall, the market remains cautious, with the dollar continuing to face instability.