The EURUSD moves lower after Trump imposed 50% tariff on EU goods

May 23, 2025
-FXnews

The EURUSD is moving to the downside reversing the gains from earlier today after Pres. Trump said he would impose a 50% tariff on EU imports into the US starting June 1. He also said he would impose a 25% tariff on Apple iPhones not manufactured in the US.

The climb down the mountain restarts(and things seemed so bright in the Middle East last week). Yields are lower. Stocks are sharply lower.

In the video above, I take a look at the three major currency pairs – the EURUSD, USDJPY and GBPUSD – from a technical perspective

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