A hint of the summer lull perhaps? It's a rather dead session in European morning trade so far as FX is moving very slowly today. The changes are light across the board with the dollar keeping steadier. The most notable remains EUR/USD which is marginally lower but just holding above large option expiries at 1.1700 on the day.
In other markets, equities are gradually climbing with S&P 500 futures now up 0.16% on the day. The calmer mood is helping to lead European indices higher as well with both the DAX and CAC 40 up a little over 1%. Investors seem to be brushing aside much of the fears surrounding Trump's latest tariffs threat for 1 August.
With a temporary "framework" agreement set for the EU, we'll now have to see what will come from Trump's other letters next. Here's a reminder and catch up to the trade headlines:
Trump will impose a 50% tariff on copper imports, prices jumpMore on Trump's 50% copper tariff rate to hit within just 30 daysMore Trump: We will be announcing semiconductor tariffsTrump says releasing tariff details for 7 or more countries Wednesday morningLutnick expects another 15-20 tariff letters to go out over the next two days This article was written by Justin Low at www.forexlive.com.Hence then, the article about major currencies quiet in european morning trade 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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