US Commerce Secretary Lutnick: Trade deal with EU is durable

Sagar Dua FXStreet

United States (US) Commerce Secretary Howard Lutnick said during European trading hours on Wednesday that the trade deal between the European Union and Washington is long-lasting.

Additional remarks

EU-US trade deal is very durable.

We are doing a study on drones and robots from China.

Market reaction

There seems to be no meaningful impact of Lutnick's comments on the US Dollar, as they offer no breakthrough on the US-EU trade outlook. As of writing, the US Dollar Index (DXY) is off from intraday highs after giving back early gains, trades marginally higher around 98.60.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.04%	0.13%	-0.16%	-0.03%	-0.23%	-0.27%	0.11%
EUR	-0.04%		0.09%	-0.19%	-0.07%	-0.27%	-0.31%	0.07%
GBP	-0.13%	-0.09%		-0.30%	-0.16%	-0.36%	-0.40%	-0.02%
JPY	0.16%	0.19%	0.30%		0.12%	-0.07%	-0.12%	0.26%
CAD	0.03%	0.07%	0.16%	-0.12%		-0.20%	-0.24%	0.14%
AUD	0.23%	0.27%	0.36%	0.07%	0.20%		-0.04%	0.34%
NZD	0.27%	0.31%	0.40%	0.12%	0.24%	0.04%		0.38%
CHF	-0.11%	-0.07%	0.02%	-0.26%	-0.14%	-0.34%	-0.38%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

EUR/USD clings to daily gains above 1.1700, focus on WEF

EUR/USD is extending its weekly recovery for yet another day, trading beyond 1.1700 the figure on Wednesday, always on the back of the continuation of the renewed selling pressure on the US Dollar. Attention now turns to President Trump, who is due to speak at the WEF, an event that could offer some fresh clues on how EU-US relations might evolve from here.

GBP/USD meets some support near 1.3400

GBP/USD is finding it hard to extend its weekly advance, slipping back towards the 1.3400 area on Wednesday despite the slight decline in the Greenback. Earlier in the session, UK data showed annual headline CPI inflation ticking higher in the last month of 2025.

Gold: Next on tap $5,000?

Gold pushed its remarkable rally to a fresh all-time high near the $4,900 mark per troy ounce earlier on Wednesday. Risk appetite remains fragile as investors stay on edge ahead of President Trump’s speech at Davos, with EU–US tensions still simmering over the Greenland issue.

When is the US President Trump’s speech at WEF in Davos and how could it affect EUR/USD

United States (US) President Donald Trump is scheduled to deliver his speech at the World Economic Forum (WEF) in Davos after 13:00 GMT. Trump’s trip to Davos was delayed as Air Force One was forced to turn around due to a "minor electrical issue".

Greenland tariffs: What happened, and how to position for the new Europe risk premium

Over the weekend, President Trump threatened a new round of tariffs on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the UK, with reporting flagging 10% from February 1 and a possible step-up later.

BNB Price Forecast: BNB loses strength as crypto market drops

BNB (formerly Binance Coin) loses ground as the broader cryptocurrency market falls, recording a 1% drop at the time of writing on Wednesday. Retail interest in the exchange token is declining, as evidenced by the massive wipeout of long positions and a decline in futures Open Interest.