Rain or shine, there’s no love for the dollar at the moment. The greenback continues to fall out of favour amid all the uncertainty still in play with regards to Trump’s tariffs policy. EUR/USD is now moving up by 0.5% back above 1.1400 and continues with the technical breakout to the upside from last week:
EUR/USD weekly chart
As the saying goes, the trend is your friend. And in this case, things remain as they are until there is major change to the trade war landscape.
USD/JPY is also back down by 0.8% to 142.38 while USD/CHF has fallen from around 0.8190 earlier to be down 0.2% to 0.8135 currently.
