EURUSD
EUR/USD pulled back from recent gains during the Asian session on Thursday, trading near the 1.1620 mark. I tade at fxopen.com/en Market participants are eyeing the upcoming Eurozone Harmonized Index of Consumer Prices (HICP) data, set to be released later in the day, while attention will shift to US Retail Sales figures for June during the North American session.
With ongoing uncertainty surrounding US tariff policies and a widening divergence between the Federal Reserve and European Central Bank (ECB) policy outlooks, the Euro faces challenges in staging a sustained recovery. However, any signs of a more dovish Fed stance or easing trade tensions could quickly tilt momentum back in favor of the single currency.
Recent US threats of imposing 30% tariffs on EU imports—alongside newly announced 25% duties on goods from Japan and South Korea and a steep 50% levy on copper—have heightened fears of escalating trade conflicts, boosting demand for the US Dollar.
In the latest developments, EU Trade Commissioner Maros Šefčovič has traveled to Washington, where he is expected to hold discussions on tariffs with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.
Posted Jul 17, 2025, 8:28 AM UTC