Monthly Archives: April 2025

Global Markets Hold Steady as Trump Announces New Tariffs

Markets Hold Steady as New US Tariffs Spark Global Trade Concerns

Trading remained relatively subdued across European markets yesterday as investors held their breath in anticipation of a major policy move from the White House. The long-awaited announcement came after market hours, with President Trump unveiling a raft of new tariff measures aimed at key US trading partners.

Markets in Wait-and-See Mode

With little in the way of fresh economic data during the session, FX markets saw low volatility. Major currency pairs, including EUR/USD and GBP/USD, drifted within tight trading ranges. While the US dollar faced mild downward pressure, there was little momentum for a breakout in either direction.

New Tariffs Unveiled Post-Close

Once European and US markets had closed for the day, the Trump administration revealed the details of its latest tariff strategy:

  • A flat 10% universal tariff was implemented.
  • Country-specific rates added another layer of complexity:
    • EU exports to the US now face a 20% tariff.
    • UK goods are subject to a 10% rate.
    • Chinese imports will be hit hardest, with a significant 34% tariff.

This aggressive trade policy signals a renewed focus on protectionism, setting the stage for potential retaliation and uncertainty in the global trade landscape.

What to Watch Next

Investors will now be closely watching how global markets react to this escalation in trade tensions. Any retaliatory measures from affected nations could drive significant volatility, particularly in currency markets.

On the economic calendar, several key events are expected to influence trading sentiment:

  • ECB March meeting minutes will provide insight into the central bank’s monetary policy direction.
  • In the US, the spotlight is on:
    • ISM Non-Manufacturing PMI (March) – a key indicator of economic health.
    • Weekly Initial Jobless Claims – offering a snapshot of labour market strength.

Navigating Market Uncertainty

With geopolitical risks mounting and policy changes driving volatility, businesses and investors should remain agile. Our currency experts at Qumoney are here to help you interpret market movements and capitalise on opportunities as they arise.

Get in touch with us today to discuss tailored strategies for your international payments and currency risk management.

US data and EU-US trade impact on FX

Market Outlook: US Data in Focus as Lagarde Prepares Key Address

Today’s attention turns to the United States, with the release of two major economic indicators this afternoon—Factory Orders and the ADP National Employment Report. Both will provide valuable insight into the strength of the US economy as markets assess the potential direction of Federal Reserve policy.

Quiet Day for UK and EU Data

There are no scheduled data releases from the UK or Eurozone today, but markets will hear from several ECB officials throughout the day. The most anticipated event comes this evening, when ECB President Christine Lagarde addresses the European Council.

Lagarde to Speak on Transatlantic Trade Tensions

Lagarde’s remarks are expected to focus on EU-US relations, particularly the potential economic fallout from any new US tariffs on European goods. Her comments could influence euro sentiment and shape broader market expectations for EU trade policy.

Sterling Holds Firm—For Now

The pound remains on a bullish footing, supported by recent economic data and market confidence. However, the outlook could shift quickly if the US moves to impose tariffs on the UK, a scenario that may test sterling’s resilience in the coming days.

Plan Ahead in Volatile Times

As global trade tensions resurface and key data is released, staying informed is essential. Connect with a QuMoney expert to navigate the evolving landscape and optimise your international payment strategy.

US tariffs and global FX market outlook

Market Overview: Tariff Fears Linger as Q2 Kicks Off

The final trading day of March closed on a note that echoed the broader mood of the month—marked by unpredictability and caution. Investor sentiment remained weighed down by concerns over global trade, particularly in light of the Trump administration’s proposed tariff measures.

Currency Markets Flat Amid Uncertainty

Major currency pairs traded within narrow ranges yesterday, continuing the subdued trend that has carried into April’s opening session in Asia-Pacific markets. While the US dollar is modestly firmer this morning, it remains slightly below its early March levels.

Key Data Ahead: Eurozone Inflation and US Manufacturing

Today’s economic highlights include the flash estimate of Eurozone HICP inflation and the US ISM Manufacturing Index—both for March. These releases may provide fresh direction for markets that have otherwise struggled to find momentum in recent sessions.

Tariff Announcements Loom Large

Markets are bracing for potential tariff-related developments out of the United States tomorrow, which are expected to dominate sentiment in the coming days. The prospect of escalating trade tensions remains a key risk for global businesses and investors alike.

Strategic FX Guidance When It Matters Most

With policy shifts and data surprises driving volatility, now is the time to review your currency exposure. Speak with a QuMoney expert for tailored advice to help you mitigate risk and seize opportunities in uncertain markets.