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EUR/USD remains pressured below 1.0400 on Trump's tariff threats
EUR/USD remains in the negative territory below 1.0400 in the European session on Tuesday, stalling the recovery. The pair is undermined by risk aversion and the US Dollar demand, fuelled by US President Trump's tariff threats. The focus shifts to the ZEW surveys.
GBP/USD drops to 1.2250 area on broad USD strength
GBP/USD stays under bearish pressure and trades deep in the red near 1.2250 on Tuesday as the USD gathers strength following US President Trump's tariff threats. The data from the UK showed that the ILO Unemployment Rate edged higher to 4.4% in the three months to November.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price eases from over two-month top on stronger USD, positive risk tone
Gold price (XAU/USD) retreats slightly after touching its highest level since November 6 during the early European session on Tuesday and currently trades just below the $2,725 area, still up over 0.50% for the day.
Three reasons why AAVE could rally in upcoming days
Aave (AAVE) price hovers around $340 on Tuesday after rallying 9% the previous day. On Monday, the Ethereum Foundation allocated 50,000 ETH worth $165 million to Aave, marking an endorsement of the protocol.
Ripple's XRP saw increased buying pressure as Trump taps pro-crypto Mark Uyeda as acting SEC Chair
Ripple is up 5% on Monday after US President Donald Trump announced pro-crypto Mark Uyeda as the new acting Securities & Exchange Commission Chair. It follows increased buying activity across XRP market.