European Central Bank (ECB) Vice President Luis de Guindos said in an interview with Germany’s Die Presse that there are no signs of weakening in the European currency so far.
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The US Dollar now manages to regain some composure and spark a tepid correction in the risk-associated assets. This move prompted EUR/USD to retreat from ealier highs near 1.1380 and revisit the 1.1330 zone amid a generalised rebound in US and German yields.
The tepid rebound in the Greenback now motivates GBP/USD to surrender part of its earlier advance and receded to the area below the key support at 1.3300 the figure in the latter part of Friday’s session.
The slight rebound in the Greenback in combination with the marked recovery in US yields across different maturities keep Gold on the back foot at the end of the day. That said, the precious metal recedes to the area of daily troughs around $3,230 per troy ounce.
Bitcoin (BTC) eyes return to the $100,000 milestone as trade-related economic uncertainty appears to be clearing up as Washington is signalling that trade deals are moving closer.
Tariff rates may have peaked, but uncertainty hasn’t: Markets may be breathing easier, but investors should not mistake easing conditions for resolution. Even if headline tariff rates stay put, the real risk lies in prolonged policy unpredictability.
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