President Trump has announced a series of tariffs targeting several of America's trading partners, signaling potential economic shifts in the coming quarters. The administration's economic policies are gradually unfolding, with more tariffs likely on the horizon. In response, foreign nations are preparing to retaliate, setting the stage for escalating trade tensions.
The unfolding trade policy developments come as on-chain data reveals a bullish outlook for Binance Coin (BNB). The cryptocurrency has seen significant activity, with trading volumes reaching 5.13 billion, and its long-to-short ratio hitting a monthly high. On Friday, BNB's price hovered around $680, indicating investor confidence in its upward trajectory.
Meanwhile, the U.S. Dollar is under selling pressure, impacting global currency markets. This pressure has bolstered the Euro, allowing EUR/USD to reach new two-week peaks. The currency pair's advancement highlights the shifting dynamics in forex markets amid the current economic landscape.
While these developments are notable, it is important to recognize that neither the author nor FXStreet are registered investment advisors. The article's content should not be construed as investment advice. Instead, it reflects the author's views, which may not align with FXStreet's official policy or that of its advertisers.