EUR/USD Retreats from Multi-Year Highs as US Dollar Selloff Stalls

From Investing.com: 2025-04-15 09:05:00

The USD is falling for the second straight session as the selloff stabilizes, with the euro and yen benefiting. Volatility has calmed, but market sentiment remains fragile. The euro weakened slightly today despite strong data due to economic sentiment slump. German expectations are suffering due to erratic trade policy changes. Market focus remains on tariff headlines, with Trump providing relief by removing smartphones from duties. ECB President Lagarde will speak today, with the ECB rate announcement on Thursday. EUR/USD is still in an uptrend but RSI is overbought. FTSE 100 rises on optimism about Trump exemptions, with UK car makers and drug makers in focus. UK labor market weakened ahead of tax increase, leading to expectations of a rate cut by the Bank of England. FTSE 1000 rebounded from lows, with support at 8000 and resistance at 8350.



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