The article analyzes the movements of major currencies following speculations about Trump's tariffs policy. It discusses the potential support and resistance levels for various currency pairs and their near-term outlook. Additionally, it covers the performance of US Treasury yields, German yields, Indian 10-year government bonds, and global stock indices.
Major currencies witnessed sharp movements amid speculations on the Trump’s tariffs policy. The Dollar Index is back near its support around 108.00-107.75. We need to see whether it holds or extends the fall further. The Euro has risen well but the possible rejection region is coming around 1.0450.
has sustained well above 155 and there could be scope to see a rise back towards 158 in the near term. has immediate upside capped at 164 and a break below 160 if seen, can drag it lower to 157-156.
CURRENCY MARKET TARIFFS DOLLAR INDEX EURO US TREASURY YIELDS
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