Trade Wars 2.0 - news and analysis

The second presidency of Donald Trump initiated escalation of tariffs that triggered significant financial movements. These actions may to increased costs for businesses and consumers, disrupted supply chains, and created market uncertainty. Retaliatory tariffs from affected nations can further strain global trade, impacting economic growth and prompting concerns about long-term financial stability.

EUR/USD wavers around 1.15 as US enters the Israel-Iran Conflict

Sunday’s market open saw volatile gaps, with EUR/USD reclaiming attention as USD selling resumed. The pair surged from 1.1140 to 1.1610 in just weeks. With the U.S. now involved in the Israel-Iran conflict, geopolitical risks are driving fresh demand for the dollar. Key levels now in focus.

23-06-2025 15:18 GMT by Elior Manier

Asia mid-session: US dollar retreats after Trump's “TACO” on Iran, US stock indices brace for “Triple Witching”

Global markets swung sharply as Trump delayed a strike on Iran, offering a two-week diplomatic window. Despite the shift, Israel-Iran hostilities persisted, with rising civilian risks. The US dollar retreated post-FOMC, ignoring dovish BoE and SNB moves. WTI held firm above US$74, while gold dipped near US$3,350 support. Mixed Asian equities and looming US “Triple Witching” may spark fresh volatility.

20-06-2025 07:41 GMT by Kelvin Wong