The EUR/USD surged to a new five-year high of 1.2082 on Tuesday following comments from US President Donald Trump, who indicated that he does not believe the Dollar has depreciated excessively. This sentiment led to a sell-off of the Greenback, which has declined by more than 1.31% for the day. Currently, the pair is trading … Read more
The Euro experienced an increase of over 0.39% on Monday as the Greenback showed signs of weakness, influenced by a sell-off driven by US geopolitical concerns and speculation regarding a potential coordinated intervention in the foreign exchange markets by the US and Japan. The EUR/USD is currently positioned at 1.1872, following a rebound from daily … Read more
The GBP/USD pair sees interest from buyers near 1.3430 in the early hours of European trading on Monday. The Greenback weakens against the Pound Sterling following remarks from Federal Reserve Chair Jerome Powell, who indicated that US President Donald Trump threatened him with a criminal indictment, which has heightened concerns regarding the independence of the … Read more