- Euro Steadie near 1.1715 as pigeon tonne shifts renovated global tariff tension.
- Fomc minutes show that most officials favor at least one cut this year.
- Some Fed members are open to July if they support them.
EUR/USD ended a Wednesday session with decent profits by more than 0.17% after the June issue of the monetary policy report, which showed that some officials look at at least one reduction of the interest rate. When the Asian session begins, the couple trades at 1,1715, practically unchanged at the time of writing.
Minutes of the Federal Reserve meeting revealed that most decision -makers consider the reduction of the rate this year as an appropriate option. At the same time, several officials indicated that the reduction in July may be justified, provided that incoming data is in accordance with their estimates.
In addition, Washington resumed sending tariff letters to the Philippines, Moldova, Algeria, Iraq, Libya, Brunei, Sri Lanka and Brazil, with duties agreed in the range from 20% to 50%.
The euro has fallen despite the news that revealed that the White House was not addressed to the European Union (EU) with additional tariffs and that it could provide some exceptions to the output rate of 10%.
Daily Digest Market Movers: Euro trades sideways, as the Fed suggested at one rate reduction
Greenback strength presses on EUR/USD. American dollar index (DXY), which follows the Buck value in relation to the six currencies basket, ended the Wednesday apartment of the session at 97.51.
The main driver remains Wednesday Commercial news. Washington presented tariffs to the Philippines (20%), Moldova (25%), Algeria (30%), Iraq (30%), Libya (30%), Brunei (25%), Sri Lanka (30%) and finally Brazilia (50%).
In addition, market participants digested the latest Fomc minutesWhat showed that some Fed Officials do not see the rate reduction in 2025. They quoted that inflationary pressure remained high, along with the expectations of inflation and continuous economic resistance. All participants reviewed the current policy rate accordingly. Participants agreed that the stagflation risk decreased, although they remain increased.
Washington presented tariffs to the Philippines (20%), Moldova (25%), Algeria (30%), Iraq (30%), Libya (30%), Brunei (25%), Sri Lanka (30%) and finally Brazilia (50%).
Trump added that he could have been sharper in trade and announced that he would impose duties on pharmaceuticals, semiconductors and copper, which, he said, would cause a tariff about 50%.
The EU stated that there was a certain progress under the trade agreement with United States (USA), according to the EU spokesman Olof Gill. He pointed out that Ursula von der Leyen called Trump on Sunday, saying that “they had a good exchange.”
Euro price this week
The table below shows the percentage change in the euro (EUR) compared to the main currencies this week. The euro was the strongest against Jen Japanese.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.50% | 0.47% | 1.46% | 0.66% | 0.34% | 1.02% | 0.03% | |
| EUR | -0.50% | -0.01% | 0.72% | 0.13% | -0.10% | 0.51% | -0.48% | |
| GBP | -0.47% | 0.01% | 0.72% | 0.17% | -0.08% | 0.53% | -0.58% | |
| JPy | -1.46% | -0.72% | -0.72% | -0.57% | -0.90% | -0.22% | -1.36% | |
| BOOR | -0.66% | -0.13% | -0.17% | 0.57% | -0.29% | 0.37% | -0.76% | |
| Aud | -0.34% | 0.10% | 0.08% | 0.90% | 0.29% | 0.72% | -0.50% | |
| NZD | -1.02% | -0.51% | -0.53% | 0.22% | -0.37% | -0.72% | -1.11% | |
| CHF | -0.03% | 0.48% | 0.58% | 1.36% | 0.76% | 0.50% | 1.11% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose the euro on the left column and go along the horizontal line to the American dollar, the percentage shift displayed in the field will represent the EUR (base)/USD (quote).
Technical prospects for euro: EUR/USD up to 1.1700, when the couple consolidates
EUR/USD trades sideways in the range of 1,1700-1.1720, and traders still cannot break the key support of 1.1700. The relative force indicator (RSI) shows that the buyers remain responsible, but lose a certain shoot in the near future.
For a stubborn continuation, EUR/USD He must break 1,1720 before testing the highest level on July 7 1,1789. General costs are at 1.1800, and year on year (YTD) of 1.1829.
And vice versa, if EUR/USD It will sink below 1.1700, it will reveal this 20-day straight movable average (SMA) as the first support level of 1.1649. The violation of the latter will reveal the number of 1.1600, followed by a 50-day SMA at 1,1448.
Frequently inflicted by American-chin
In general, the trade war is an economic conflict between two or more countries due to extreme protectionism at one end. This means creating trade barriers such as tariffs that cause a counterattack, escalating import costs, and thus maintenance costs.
The economic conflict between the United States (USA) and China began at the beginning of 2018, when President Donald Trump established trade barriers for China, claiming that unfair commercial practices and theft of intellectual property from the Asian giant. China took retaliation, imposing tariffs on many American goods, such as cars and soy. The tension escalated until both countries signed trade agreements in the American-Chinese phase in January 2020. The agreement required structural reforms and other changes in the Chinese economic and commercial system and pretended to restore stability and trust between two nations. However, Coronevirus’s pandemic focused on the conflict. It is worth mentioning, however, that President Joe Biden, who took office after Trump, kept the tariffs and even added additional fees.
The return of Donald Trump to the White House as 47. The US president caused a fresh wave of tension between two countries. During the election campaign in 2024, Trump undertook to impose a 60% tariff on China after returning to the office, which he did on January 20, 2025. With the return of Trump, the trade war in the USA-China is aimed at resuming where it remained, with the principles of Tatat, influencing the global economic landscape among the global resources, which will reduce, which will reduce, which will reduce, which will reduce, which will reduce, which will reduce, which Especially investments, as well as directly nutrition in indexing consumers.
