US dollar struggles as trade war fears ease and euro gains support

forexlive.com

The US dollar remains under pressure due to easing trade war fears following positive tariff talks. Market expectations for interest rate cuts have stabilized, with two cuts anticipated for 2025. The euro has gained support after the European Central Bank cut interest rates by 25 basis points. Recent economic indicators show a rebound in activity, aided by potential peace developments in the Russia-Ukraine conflict. Currently, the EUR/USD exchange rate is fluctuating between 1.0344 and 1.0447. Traders are awaiting the US Non-Farm Payroll report, which could influence short-term market movements.


With a significance score of 2.6, this news ranks in the top 13% of today's 26382 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


US dollar struggles as trade war fears ease and euro gains support | News Minimalist