Last week, we already saw Volkswagen report dismal Q2 earnings and lowered its full-year outlook citing the pain from Trump's tariffs. Having to still deal with 15% tariffs now while better, isn't going to change the outlook materially. German stocks have also eased up on gains today and are now up just 0.4%. The DAX was up 1% at the open earlier just an hour ago.
The drop sees the pair now fall back below both its 100 and 200-hour moving averages, reaffirming a more bearish near-term bias again.
If anything, it looks like the TACO script has flipped a little. From Trump chickening out, we're starting to see other countries being the ones to do so now ahead of the 1 August deadline. The deals are still not exactly what Trump might play them out to be but it is clear that the pressure is starting to get to the other countries.
This article was written by Justin Low at investinglive.com.Hence then, the article about euro turns lower as traders digest us eu trade deal was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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