INTERNATIONAL HIGHLIGHTS
Fed Rate Cut Expectations revised down
The EUR/USD pair depreciated by -0.33% this week to 1.0328.
Trump decided to suspend for 1 month the tariffs increase against Canada and Mexico following negotiations to strengthen border security. The additional tariffs of 10% against China, meanwhile, were maintained. In response, China decided to impose
import tariffs between 10% and 15% on American cars, agricultural machinery and energy products.
These new tariff tensions would fuel new inflationary pressures, which led the markets to revise downwards their expectations of Fed’s monetary easing in 2025.
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