technical

EUR/USD Forex Signal: US Tariff Confusion Sends Price Higher

The US Dollar hasn’t taken well the tariff-related mess seen over the weekend. Renewed uncertainty over US President Donald Trump’s trade policies led to a modest USD pullback, which extended through the early part of the new week.

Silver rallied on Friday as there were a multitude of news announcements for the session coming out of the US, and other places.

The South African rand has rebounded in the past 12 months, making it one of the best-performing currencies globally. The USD/ZAR exchange rate was trading at 16.04, down sharply from last year’s high of 19.93. This retreat may continue after the pair formed a death cross pattern

The USD/MXN exchange rate continued its strong downward trend, reaching its lowest level since June 2024 as the Mexican peso gained momentum after the Supreme Court ruling on Donald Trump’s tariffs. It dropped to 17.1325 on Friday, much lower than last year’s high of 21.28.

The GBP/USD exchange rate has retreated sharply in the past few weeks, moving from the year-to-date high of 1.3865 to the current 1.3478. It retreated after the UK published encouraging consumer inflation data on Wednesday.