Region: Europe
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AI worry and tariff risks roil markets
Trump teases out policy plans. Euro’s profits from AI shock, fleeting. Pound slides from $1.25 amidst risk aversion.
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Big week looming
Soft Trump bad for the dollar. Is Europe bottoming? GBP/EUR rebounds from 5-month low.
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Dollar dumped, Japan hikes
Japanese yen swings after rate hike. Dollar on for biggest weekly decline in months. Euro almost 2% stronger this week. Pound pounces on dollar weakness.
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Uncertainty on timing of Trump’s tariffs
Trump targets China, markets yawn. Euro hits 5-week high; has it broken downtrend? Pound near 5-month low against euro.
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FX divided by tariffs
Tariff fears weigh on peso and loonie. Animal spirits push the euro beyond $1.04. Sterling rebounds, but still stuck in downtrend.
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Markets cheered too early
Thin liquidity, strong price action. Fewer reasons to sell the euro. Pound’s rebound could be short-lived.