US dollar falls vs. yen, euro holds gains
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Further details on tariffs show a significant ramp-up in reciprocal tariffs, as well as an additional 25% tariff on all imported automobiles. The Trump administration has also opted for a partial-reci...
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the dollar turned 0.38% higher against the yen to 150.20 yen
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The US dollar continues to see a lot of noisy movement on Wednesday, as the markets brace for the tariffs that people will have to sort through at the end of the session.
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FinanceWire: FXSpire, a cutting-edge automated trading solution, has unveiled its latest innovation: an advanced false-breakout detection algorithm designed to enhance EUR/USD trading accuracy. The system leverages real-time market data and AI-driven analysis to differentiate genuine price breakouts from
The US dollar has seen a bit of buying to start the Tuesday session in some pairs, but selling in others, as traders continue to see a lot of questions asked about the Federal Reserve and the US economy.
There does appear to be a pennant pattern in play on EUR/USD which hints at a bullish breakout and move higher. This could be used in conjunction with the period 14 RSI which is approaching the neutral 50 level. A bounce off here may embolden bulls and give EUR/USD the push it needs to run toward the 1.1000 handle.
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The U.S. dollar hovers near $104.19 as ISM PMI dips below 50, pointing to contraction. Traders eye upcoming data for GBP/USD and EUR/USD direction.