Trump emphasized his plans to impose tariffs on Canada and Mexico. The US economy grew by 2.3%, compared to estimates of 2.7%. The yen is set to end the week with an over 1.5% gain. The USD/JPY price analysis indicates an increasing likelihood of a 25% US tariff on goods from Mexico and Canada, supporting...
The European Central Bank lowered borrowing costs by 25-bps as expected. The greenback rebounded on Thursday after Trump repeated his tariff plans. The US economy expanded by 2.3%, missing forecasts of 2.7%. The EUR/USD outlook suggests a bleak future for the euro amid a rate cut and dovish European Central Bank’s policy path. On the...
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