Euro / U.S. DollarShort
EURUSD rises as tariff fears ease
EURUSD is up sharply today as the Wall Street Journal reports that Trump will likely not introduce tariffs from day one. Instead, he plans to direct federal agencies to study trade policies, investigate trade deficits, and evaluate relationships with China, Canada, and Mexico.
In recent months, EURUSD had dropped as markets priced in the possibility of aggressive tariffs. However, Trump’s measured approach has reduced the likelihood of universal tariffs, weakening the dollar and lifting EURUSD.
Despite today’s move, Trump’s focus on tax cuts and boosting the U.S. economy could keep inflation high and support the dollar. The bearish trend remains intact as long as EURUSD trades below $1.0438.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
In recent months, EURUSD had dropped as markets priced in the possibility of aggressive tariffs. However, Trump’s measured approach has reduced the likelihood of universal tariffs, weakening the dollar and lifting EURUSD.
Despite today’s move, Trump’s focus on tax cuts and boosting the U.S. economy could keep inflation high and support the dollar. The bearish trend remains intact as long as EURUSD trades below $1.0438.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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