Forex News: Euro Weakens, Dollar Rises, Pound Holds Steady

By Cot-Trading - Monday, February 10, 2025 - No Comments

Dollar Strengthens Amid Talks of Additional Tariffs; Euro Struggles

The U.S. dollar surged in value as talks surrounding the imposition of additional tariffs gained momentum, fueling investor concerns and strengthening the greenback. Meanwhile, the euro weakened, following a series of economic challenges that have left the European currency under pressure. The U.S. economic outlook appears to be benefiting from these discussions, while the eurozone faces mounting uncertainty. Traders are closely monitoring developments, as any further trade policy shifts could influence global financial markets.

Pound Holds Steady as New U.S. Tariffs Loom; Focus Turns to BoE's Mann Speech

The British pound remained relatively stable amid rising concerns about the imposition of new U.S. tariffs, with market participants awaiting the latest comments from Bank of England (BoE) policymaker, Silvana Tenreyro. Investors are eyeing her upcoming speech for clues on potential monetary policy changes, especially as the U.K. continues to grapple with economic pressures. Despite the tariff threats, the pound has thus far managed to avoid significant losses, with traders awaiting further guidance from the BoE to gauge the strength of the British economy in the coming months.

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