EUR/USD consolidates as traders holder their breath ahead of tariffs
Portfolio Pulse from
The EUR/USD currency pair is trading near the 1.0800 level as traders await President Trump's potential tariff announcement scheduled for Wednesday. The market is in a state of anticipation, with uncertainty surrounding the exact details of the proposed tariffs, which have been previously delayed multiple times.
April 02, 2025 | 12:30 am
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NEUTRAL IMPACT
The Invesco Euro Currency ETF may experience price fluctuations due to potential market reactions to the upcoming tariff announcement.
The potential tariff announcement could impact the euro's value, which directly affects the FXE ETF's performance. The uncertainty and potential trade tensions suggest a neutral to slightly negative short-term outlook.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70