Vlad RF
Member
EURUSD soared above 1.0900 after Trump imposed new tariffs
The EURUSD rate has climbed above 1.0900 following the introduction of new US trade tariffs. Find out more in our analysis for 3 April 2025.
EURUSD forecast: key trading points
Yesterday, US President Donald Trump introduced a 10% baseline tariff on all imports, with even higher duties targeting key trading partners: 34% on China, 20% on the EU, and 24% on Japan. Additionally, a 25% tariff on foreign cars took immediate effect.
Commenting on the move, Trump described the tariffs as a strategy to support domestic manufacturing and reduce the trade deficit. In response, the EURUSD pair surged as the US dollar came under pressure due to concerns over a potential US economic slowdown triggered by ongoing trade wars.
Read this article on RoboForex website - EURUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
The EURUSD rate has climbed above 1.0900 following the introduction of new US trade tariffs. Find out more in our analysis for 3 April 2025.
EURUSD forecast: key trading points
- Market focus: US ADP employment data showed an increase of 155 thousand
- Market focus: Donald Trump imposed new tariffs on US trading partners
- Current trend: an uptrend is in place
- EURUSD forecast for 3 April 2025: 1.0800 and 1.0955
Yesterday, US President Donald Trump introduced a 10% baseline tariff on all imports, with even higher duties targeting key trading partners: 34% on China, 20% on the EU, and 24% on Japan. Additionally, a 25% tariff on foreign cars took immediate effect.
Commenting on the move, Trump described the tariffs as a strategy to support domestic manufacturing and reduce the trade deficit. In response, the EURUSD pair surged as the US dollar came under pressure due to concerns over a potential US economic slowdown triggered by ongoing trade wars.
Read this article on RoboForex website - EURUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
