The EUR/USD remains around 1.08 while Trump imposes tariffs on cars and indicates indulgent reciprocal measures, reports Danske Bank’s currency analyst Jesper Fjärstedt.
The USD reaction to tariffs is still uncertain
“Yesterday, we describe the tariffs implemented and the near The recession risks in the US ”
“In the short term, we hope that the EUR/USD will consolidate around 1.08-1.09 with upward risks. Given uncertainty, we see a wide space of results and we seek to sell in possible USD rallys before aggressive tariff announcements, since delays in the implementation can allow space for negotiation and possible reversions of the initial reactions of the market.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
