NEWS | 08/13/2025 14:30:03 GMT
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By FXStreet Team
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Editors’ Picks
EUR/USD trims gains, challenges 1.1700
EUR/USD keeps the bid tone unchanged as the NA session draws to a close on Wednesday, although it surrenders some gains and approaches the 1.1700 neighbourhood. In the meantime, the US Dollar remains offered in the area of two-week lows as investors gear up for Thursday’s data releases, including Producer Prices and the usual weekly Initial Jobless Claims.
GBP/USD appears consolidative around 1.3560
GBP/USD now seems to have embarked on a rangebound theme around the 1.3560 zone ahead of the closing bell on Wall Street on Wednesday. The generalised better tone in the risk complex continues to support the British pound ahead of a busy UK calendar on Thursday.
Gold faces some tepid downside pressure, back near $3,350
Gold clings to its daily gains despite a knee-jerk to the $3,350 zone per troy ounce at the end of Wednesday’s session in the US. The precious metal adds to Tuesday’s gains in a context of further weakness surrounding the Greenback as well as declining US yields across the board.
Five reasons why Trump’s trade war is likely to escalate
Buoyant markets, a resilient US economy, rising customs revenues, appeasement by trading partners and conducive politics point to further escalation in US trade tensions, already set to cut global output by an estimated 0.7pps in the medium term.
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