EUR/USD Trends Sideways Amid Tariff Uncertainty
The EUR/USD currency pair continues to hover closely to a trendline amid rising geopolitical tensions from proposed US tariffs on vehicle imports. Traders have begun pricing in potential ECB easing as prospects for the Eurozone economy dim under these announcements. As the economic landscape changes, the EU-US yield differentials shift toward favoring the US dollar. Market participants should monitor these shifts closely as they may signal further developments for XAU/USD and EUR/USD.