EUR/USD declines as Trump assures tariff hike plan is still on

EUR/USD corrects lower after revisiting a two-week high of 1.0430 as the US Dollar pares some of Monday’s losses. The US Dollar rebounds as Donald Trump confirms that the tariff hike plan remains afloat. Trump aims to fix the trade imbalance with Europe, which would keep the Euro on the backfoot.

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President Donald Trump announces ‘Project Stargate’, $500 billion AI investment, with OpenAI’s Sam Altman, Oracle’s Larry Ellison, and SoftBank’s Masayoshi Son at The White House.

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China’s credit impulse signals potential headwinds for global manufacturing, suggesting a slowdown ahead. With the sector already weak, more stimulus may be needed, but its impact could be limited as the credit multiplier continues to be weak.

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EUR/USD declines as Trump assures tariff hike plan is still on

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President Donald Trump announces ‘Project Stargate’, $500 billion AI investment, with OpenAI’s Sam Altman, Oracle’s Larry Ellison, and SoftBank’s Masayoshi Son at The White House.

China’s credit impulse signals potential headwinds for global manufacturing, suggesting a slowdown ahead. With the sector already weak, more stimulus may be needed, but its impact could be limited as the credit multiplier continues to be weak.