EUR/USD reduces its increase as the US Dollar strengthens with the approaching tariffs deadline.
The euro is expected to dip from its two-week peak against the US dollar due to rising concerns about the EU-US trade deal. The US dollar is likely to see a slight increase as President Trump announces a significant trade agreement with Japan. The immediate outlook for EUR/USD remains positive, though any downside movements appear […]
USD/JPY strengthens approaching 147.50 due to tariff concerns
USD/JPY is projected to rise to around 147.55 during the Asian trading session on Tuesday. The Prime Minister of Japan has committed to staying in office despite expectations that his coalition will lose control of the Senate in the upcoming election on Sunday. Market participants will be paying attention to any updates related to US […]
Dollar strengthens widely, yen declines ahead of election
Dollar Strengthens After Retail Sales Data The dollar gained ground on Thursday following a volatile session on Wednesday, where President Trump dismissed rumors about firing Federal Reserve Chairman Jerome Powell. This price shift also came after retail sales in June exceeded expectations. Market analysts suggest that this month’s activity seems to be a consolidation after […]
Forex Today: US Dollar strengthens again before upcoming moderate data releases
Market Overview – July 17th Here’s a quick look at what’s happening on Thursday, July 17th: After some ups and downs on Wednesday, the US Dollar (USD) is expected to strengthen against other currencies this morning. Investors are also looking ahead to the US Economic Calendar, which will present weekly unemployment claims and retail sales […]
US Dollar strengthens amid tariff impacts and strong economic conditions
US Dollar Strengthens Amid Tariff Threats The US dollar saw an uptick on Friday due to President Trump’s new tariff announcements and rising expectations for reduced Fed interest rates. Trump has imposed a 35% tariff on Canadian goods, citing concerns about fentanyl and trade imbalances. The US Dollar Index (DXY) is currently below key resistance […]
US Dollar Index strengthens past 97.50 as Trump reveals new tariffs
The US dollar index is expected to be around 97.80 during Friday’s Asian trading session. On Thursday, Trump announced a 35% tariff on Canadian imports starting August 1. Initial US unemployment claims dropped to a seven-week low of 227K last week. The US Dollar Index (DXY) reflects the value of the US dollar (USD) against […]
AUD/USD strengthens as traders process recent tariff news and Fed Minutes
AUD/USD is approaching a key psychological barrier as trade uncertainty grows. The Federal Reserve’s stance solidifies expectations for interest rate cuts in September, amid worries about inflation from tariffs. The US dollar is under renewed pressure from policy and trade uncertainties compared to the Australian dollar. The Australian Dollar (AUD) is trading in a clearly […]
EUR/USD drops close to 1.1700 as US Dollar strengthens, attention on FOMC Minutes
Market Overview EUR/USD dips to around 1.1705 during Wednesday’s Asian session. President Trump announced plans for a 50% tariff on copper imports. Traders are awaiting the release of FOMC minutes later on Wednesday. The EUR/USD exchange rate is expected to decline to about 1.1705 in the Asian trading hours on Wednesday. This dip comes as […]
EUR/USD falls back as US jobs report strengthens US Dollar
The EUR/USD pair has weakened following the June non-farm payroll report, which underscored the strength of the US labor market and has somewhat alleviated the Federal Reserve’s urgency to lower rates in July. US yields are expected to support the dollar ahead of Friday’s Independence Day, potentially impacting liquidity and market volatility. EUR/USD encounters short-term […]
EUR/USD strengthens as optimism grows for international trade deals
The euro remains strong as hopes for trade normalization keep the US dollar low. German retail sales figures were disappointing, defying May’s expectations. The EUR/USD maintains an upward trend at 1.1750, capturing the attention of bulls. The EUR/USD pair traded in a sideways manner on Monday, remaining close to the multi-year high of 1.1750 reached […]