Dollar loses gains as tariff surprise wears off

Following Tuesday’s boost to the dollar, driven by the uncertainty of US President Trump’s fresh tariff confusion, USD slipped back against the pound and euro on Wednesday. It was only a small loss of 0.15% but pronounced as the pound and euro remained almost dead...


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USD: Dollar enjoys boost from tariff confusion

The dollar was up on both the pound and the euro as markets reacted to Trump’s tariff announcements. Alongside the announcement of national tariffs, now due to come into force on August 1, news of new major copper and drug levies sent traders racing to secure stocks...


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EUR: Damaging trade deal looms

The euro didn’t suffer as badly as the pound on Tuesday, but it was still down 0.15% on the dollar. However, growing noises from Brussels suggest the EU is going to sign a trade deal with the US that locks in worse terms than those received by the UK, despite its...


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