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EUR/USD rebounds again
There was a good deal of confusion across the FX markets late last night. The initial reaction in the EUR/USD to the immediate tariff headlines saw it jump to 1.0925. However, as more detail on all this and the exact nature of these tariff policies emerged, the Euro fell back very close to the 1.0800 handle. It later closed in the US at 1.0853, The price action since then has see the EUR/USD rise back above that 1.0900 handle again, from an Asian low at 1.0805. It is right now approaching the high seen yesterday evening. The reader is reminded of the current 2025 high set last month at 1,0955, as that appears to be back on the radar this morning. There is much confusion out there now though, as to what this all means for the Euro and the dollar. The EUR/USD is right now at 1.0933 as it takes out that prior interim high
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