U.S. President Trump and British Prime Minister Starmer announced a “breakthrough deal” on trade. The deal leaves in place a 10% U.S. tariff on goods imported from the UK, while Britain agreed to lower its duties to 1.8% from 5.1% and provide greater access to U.S. goods.
Bitcoin topped $100,000 for the first time since early February, bolstered by a wide-ranging deal between the United States and the United Kingdom in a sign that perhaps U.S. President Donald Trump’s trade war with the rest of the world is easing.
World stocks lost ground while U.S. Treasury yields had mixed reactions and the dollar gained some ground in choppy trading after the Federal Reserve left interest rates unchanged and warned of higher inflation and labor market risks.
The Federal Reserve held interest rates steady but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapples with the impact of Trump administration tariff policies.
The U.S. dollar remained slightly stronger against major currencies including the yen and the euro after the Fed left interest rates unchanged, in line with market expectations. The Fed kept its benchmark interest rate steady in the 4.25%-4.50% range.
The dollar fell broadly on worries that U.S. President Donald Trump’s touted trade deals have yet to materialize, while the euro extended gains after the German parliament elected conservative leader Friedrich Merz as chancellor.
The Euro gained 0.5% against the Dollar in the last session. According to the Stochastic-RSI, we are in an overbought market.
Support: 1.1205 | Resistance: 1.1512
