US dollar strengthens with Euro weak due to potential trade war

From Investing.com: 2025-03-27 04:21:00

The US dollar is in recovery mode, but the Euro is weak after the Trump administration announced a 25% tariff on imported cars and parts. This has caused a deep retracement for the Euro and lower US stock futures due to trade war uncertainty. The administration aims to bring car production back to the US, supporting the dollar. However, the Euro rally may be a wave four correction with resistance at 104.10-105.00. The dollar could reverse lower after US economic data release, including GDP and unemployment claims.



Read more at Investing.com: US Dollar Holds Gains, But Is a Technical Reversal on the Horizon?