Silver to $39.50: Up 9.4% Past 30 Days
The U.S. dollar gained strength against major currencies after the U.S. and European Union reached a new trade agreement, setting tariffs at 15% on EU goods—half the rate originally threatened. This deal, part of a series including last week’s U.S.-Japan agreement, has eased fears of a global trade war.
The euro fell sharply, reversing earlier gains, as traders focused on the impact of easing trade tensions on currency markets. Meanwhile, investors are closely watching upcoming U.S. Federal Reserve and Bank of Japan meetings, both expected to keep interest rates steady but could offer clues on future moves.
With major U.S. companies like Apple and Amazon about to report earnings, market watchers will also track how results might influence currency flows and dollar demand.
