These markets have moved the most since Trump's 'liberation day' tariff announcement

By (MACRO HIVE)

Macro Hive's Bilal Hafeez has published a ranking of how various assets have performed since April 2, when President Donald Trump announced sweeping tariffs on what he called "liberation day." Instead of plotting moves in terms of percentage points, Hafeez used standard deviation. The biggest mover? The Taiwan dollar, which has seen a 2-standard deviation move to the upside. The currency famously tallied its biggest two-day advance against the U.S. dollar in decades earlier this month.

These markets have moved the most since Trump's 'liberation day' tariff announcement

The article discusses market movements following President Donald Trump's 'liberation day' tariff announcement on April 2, 2025. It highlights the Taiwan dollar's 2-standard deviation move to the upside since the announcement and its previous two-day advance against the U.S. dollar in May 2025.