<\/p>\n
EUR\/USD<\/a>\u00a0declines\u00a0to near 1.0420 in Wednesday\u2019s early North American\u00a0session as the US Dollar (USD) extends its upside\u00a0due to\u00a0multiple tailwinds. The US Dollar<\/a> Index (DXY), which tracks the Greenback\u2019s value against six major currencies, rises to near 107.20.\u00a0<\/p>\n The Greenback moves higher as\u00a0fears of United States<\/a> (US) President Donald Trump\u2019s tariffs have renewed. On Tuesday, President Trump announced that he plans to impose 25% tariffs on automobiles, semiconductors, and pharmaceuticals and that duties will increase further next year. He didn\u2019t provide a clear timeline for when these tariffs will come into effect but said that some of them will be enacted by April 2.<\/p>\n Market participants expect Germany, Japan, South Korea, Taiwan, and India would be major casualties of Trump\u2019s latest tariff threat.<\/p>\n Trump\u2019s tariffs on automobiles would weigh on the German economy, which has been experiencing an economic contraction for the past two years. ECB<\/a> policymaker and Bundesbank President Joachim\u00a0Nagel said on Monday that our \u201cstrong export orientation\u201d makes us \u201cparticularly vulnerable from potential Trump tariffs\u201d.<\/p>\n The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the British Pound.<\/p>\n 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).<\/p>\n<\/div>\n<\/div>\n <\/a><\/p>\n EUR\/USD slides to near\u00a01.0420 in early North American\u00a0trading hours on Wednesday. The major currency pai drops to near the 50-day Exponential Moving Average (EMA), which trades\u00a0around 1.0430.<\/p>\n The 14-day Relative Strength Index (RSI) struggles to break above 60.00. A bullish momentum would activate if the RSI (14) manages to sustain above that level.<\/p>\n Looking down, the February 10 low of 1.0285 will act as the major support zone for the pair. Conversely, the December 6\u00a0high of 1.0630\u00a0will be the key barrier for\u00a0the Euro\u00a0bulls.<\/p>\n (This story was corrected on February 19 at 10:45 GMT to say\u00a0ECB policymaker and Bundesbank President Joachim Nagel, not Joachin.)<\/em><\/p>\n FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve<\/a> and are a clear guide to the future US interest rate policy.<\/p>\nUS Dollar PRICE Today<\/h2>\n
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\n \n\u00a0<\/th>\n USD<\/th>\n EUR<\/th>\n GBP<\/th>\n JPY<\/th>\n CAD<\/th>\n AUD<\/th>\n NZD<\/th>\n CHF<\/th>\n<\/tr>\n<\/thead>\n \n USD<\/th>\n \u00a0<\/td>\n 0.14%<\/td>\n 0.16%<\/td>\n -0.36%<\/td>\n 0.14%<\/td>\n 0.06%<\/td>\n -0.16%<\/td>\n -0.06%<\/td>\n<\/tr>\n \n EUR<\/th>\n -0.14%<\/td>\n \u00a0<\/td>\n 0.01%<\/td>\n -0.49%<\/td>\n -0.01%<\/td>\n -0.08%<\/td>\n -0.30%<\/td>\n -0.20%<\/td>\n<\/tr>\n \n GBP<\/th>\n -0.16%<\/td>\n -0.01%<\/td>\n \u00a0<\/td>\n -0.53%<\/td>\n -0.02%<\/td>\n -0.09%<\/td>\n -0.31%<\/td>\n -0.21%<\/td>\n<\/tr>\n \n JPY<\/th>\n 0.36%<\/td>\n 0.49%<\/td>\n 0.53%<\/td>\n \u00a0<\/td>\n 0.49%<\/td>\n 0.42%<\/td>\n 0.19%<\/td>\n 0.30%<\/td>\n<\/tr>\n \n CAD<\/th>\n -0.14%<\/td>\n 0.00%<\/td>\n 0.02%<\/td>\n -0.49%<\/td>\n \u00a0<\/td>\n -0.08%<\/td>\n -0.30%<\/td>\n -0.20%<\/td>\n<\/tr>\n \n AUD<\/th>\n -0.06%<\/td>\n 0.08%<\/td>\n 0.09%<\/td>\n -0.42%<\/td>\n 0.08%<\/td>\n \u00a0<\/td>\n -0.22%<\/td>\n -0.12%<\/td>\n<\/tr>\n \n NZD<\/th>\n 0.16%<\/td>\n 0.30%<\/td>\n 0.31%<\/td>\n -0.19%<\/td>\n 0.30%<\/td>\n 0.22%<\/td>\n \u00a0<\/td>\n 0.10%<\/td>\n<\/tr>\n \n CHF<\/th>\n 0.06%<\/td>\n 0.20%<\/td>\n 0.21%<\/td>\n -0.30%<\/td>\n 0.20%<\/td>\n 0.12%<\/td>\n -0.10%<\/td>\n \u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Daily digest market movers: EUR\/USD weakens on Trump’s tariff threats<\/h2>\n
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Technical Analysis: EUR\/USD struggles to sustain above 50-day EMA<\/h2>\n
Economic Indicator<\/h2>\n
FOMC Minutes<\/h3>\n