EURUSD LIVE TRADE UPDATE 9K IN PROFITS EUR/USD falls to near 1.0860 as ECB Lagarde expects US President Trump-led trade war could slowdown the Eurozone economic growth.
The Fed kept borrowing rates steady and stuck to their two interest rate cut in 2025 forecasts on Wednesday.
The Fed expects Trump’s policies to weigh on US economic growth and accelerate price pressures.
EUR/USD declines to near 1.0860 in European trading hours on Thursday. The major currency pair drops as the Euro (EUR) faces pressure after European Central Bank (ECB) President Christine Lagarde warned of Eurozone economic risks due to potential tariffs by the United States (US).
Lagarde testified before the Committee on Economic and Monetary Affairs of the European Parliament during European trading hours on Thursday. She said that US tariffs of 25% on imports from Europe, as threatened by US President Donald Trump, would lower “Euro area growth by about 0.3% in the first year”, according to an ECB analysis. The study also shows that retaliatory tariffs from Europe would further increase this to about 0.5%.