The Euro weakened against the Japanese Yen, with the EUR/JPY pair trading just above 172.00, down from its multi-year high of 173.25. Escalating EU-U.S. trade tensions, led by U.S. Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, alongside Japan’s post-election stability under Prime Minister Shigeru Ishiba, are driving market …
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Dollar’s Decline Fuels EUR/USD RallyThe Euro has surged past 1.1700 against the US Dollar, reaching multi-year highs as the US Dollar Index (DXY) retreats to levels last seen in Q1 2022. Despite stronger-than-expected US economic data, such as weekly jobless claims and Durable Goods Orders, the Dollar faces headwinds. Concerns …
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The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% to hover near 99.65, as markets grappled with conflicting signals on US-China trade negotiations. Optimism sparked by suggestions of ongoing dialogue and potential tariff relief was quickly tempered by China’s firm denial of any active …
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