EUR/USD APPRECIATES TO NEAR 1.1350 AS THE EU SUSPENDS TARIFFS ON US IMPORTS

EUR/USD APPRECIATES TO NEAR 1.1350 AS THE EU SUSPENDS TARIFFS ON US IMPORTS

The European Union (EU) has announced a 90-day suspension of planned 25% tariffs on €21 billion worth of U.S. goods.

This decision comes after U.S. President Donald Trump's reversal of certain trade policies, aiming to create space for trade negotiations. ​

Following the EU's announcement, the euro appreciated, with the EUR/USD pair trading near 1.1350 during Friday's Asian session.

This marks a continuation of its gains for the second consecutive day.​

The suspension of tariffs has alleviated some trade tensions, contributing to the euro's strength.

officials, including European Commission President Ursula von der Leyen, have expressed readiness to engage in trade talks with the U.S., aiming for a tariff-free agreement on cars and industrial goods. ​

While the tariff suspension is a positive step, markets remain cautious, awaiting further developments in EU-U.S. trade relations and their potential impact on currency markets