The US dollar shows significant weakness as fears of tariffs and a 70% chance of a Fed rate cut impact market sentiment. Both GBP/USD and EUR/USD have pushed through technical breakouts, reflecting the ongoing uncertainty surrounding trade negotiations and monetary policy shifts. Investors closely monitor these developments to gauge the effects on currency pairs. As anticipated Fed actions loom, volatility in the Forex market increases, revealing risks and opportunities for traders. Keep an eye on these currency movements as economic factors evolve.