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June 12, 2025

EUR/USD Soars Above 1.1500 as US Dollar Dips Amid New Tariff Concerns

Recent negotiations suggest that the US and China may be moving towards a tentative agreement regarding tariff policies affecting exports, specifically on rare earth metals. However, uncertainties still linger, with President Trump indicating that tariffs will remain at current levels: 10% on US exports to China and 55% on Chinese exports to the US. These developments have linked to a significant rise in the Euro to US Dollar (EUR/USD), now surpassing the 1.1500 mark.

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