Here’s what it is advisable to know on Monday, Might 26:
The US Greenback (USD) continues to weaken towards its main rivals to start the brand new week as traders stay cautious in regards to the financial progress prospects following United States (US) President Donald Trump’s newest tariff threats. Inventory and bond markets within the US will stay closed in observance of the Memorial Day vacation on Monday.
US Greenback PRICE At present
The desk beneath exhibits the proportion change of US Greenback (USD) towards listed main currencies right now. US Greenback was the weakest towards the New Zealand Greenback.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.37% | -0.38% | 0.14% | -0.27% | -0.50% | -0.62% | -0.09% | |
| EUR | 0.37% | 0.00% | 0.57% | 0.11% | -0.11% | -0.25% | 0.30% | |
| GBP | 0.38% | -0.01% | 0.23% | 0.10% | -0.12% | -0.25% | 0.31% | |
| JPY | -0.14% | -0.57% | -0.23% | -0.42% | -0.66% | -0.84% | -0.25% | |
| CAD | 0.27% | -0.11% | -0.10% | 0.42% | -0.22% | -0.35% | 0.21% | |
| AUD | 0.50% | 0.11% | 0.12% | 0.66% | 0.22% | -0.17% | 0.43% | |
| NZD | 0.62% | 0.25% | 0.25% | 0.84% | 0.35% | 0.17% | 0.56% | |
| CHF | 0.09% | -0.30% | -0.31% | 0.25% | -0.21% | -0.43% | -0.56% |
The warmth map exhibits share adjustments of main currencies towards one another. The bottom foreign money is picked from the left column, whereas the quote foreign money is picked from the highest row. For instance, in case you choose the US Greenback from the left column and transfer alongside the horizontal line to the Japanese Yen, the proportion change displayed within the field will characterize USD (base)/JPY (quote).
President Trump mentioned on Friday that he’s recommending a “straight 50% tariff” on imports from the European Union (EU), including that their discussions had been going nowhere. Moreover, he famous that he was planning to impose tariffs on Apple iPhones not manufactured within the US and steered that they may do one thing comparable with Samsung merchandise. The USD Index prolonged its slide on Friday and misplaced practically 2% for the week.
President Trump introduced on Sunday that he agreed to an extension on the 50% tariff deadline on the EU till July 9 after a cellphone name with European Fee President Ursula von der Leyen. Nonetheless, the USD Index continues to stretch decrease early Monday and was final seen buying and selling at its lowest degree in a month close to 98.80, shedding about 0.3% on the day. In the meantime, US Senator Ron Johnson informed CNN Information on Sunday that he thinks that they are going to have sufficient votes to cease President Trump’s spending/tax lower invoice till he will get critical about spending discount and decreasing the deficit.
EUR/USD advantages from the broad-based USD weak spot and trades at a contemporary multi-week excessive above 1.1400 within the European morning on Monday. Later within the session, European Central Financial institution (ECB) President Christine Lagarde is scheduled to ship a speech.
GBP/USD extends its rally after gaining practically 2% within the earlier week and trades at its highest degree since February 2022 above 1.3550.
USD/JPY stays comparatively quiet and fluctuates in a decent channel beneath 143.00 after shedding greater than 2% final week.
Gold capitalized on safe-haven flows and registered spectacular features final week. XAU/USD corrects decrease early Monday and trades beneath $3,350.
USD/CAD stays underneath bearish strain following the earlier week’s sharp decline and trades beneath 1.3700 for the primary time in 2025.
AUD/USD preserves its bullish momentum after rising greater than 1% on Friday and trades at a contemporary 2025-high above 0.6500.
Tariffs FAQs
Tariffs are customs duties levied on sure merchandise imports or a class of merchandise. Tariffs are designed to assist native producers and producers be extra aggressive available in the market by offering a worth benefit over comparable items that may be imported. Tariffs are broadly used as instruments of protectionism, together with commerce boundaries and import quotas.
Though tariffs and taxes each generate authorities income to fund public items and providers, they’ve a number of distinctions. Tariffs are pay as you go on the port of entry, whereas taxes are paid on the time of buy. Taxes are imposed on particular person taxpayers and companies, whereas tariffs are paid by importers.
There are two colleges of thought amongst economists concerning the utilization of tariffs. Whereas some argue that tariffs are vital to guard home industries and tackle commerce imbalances, others see them as a dangerous device that might doubtlessly drive costs larger over the long run and result in a harmful commerce warfare by encouraging tit-for-tat tariffs.
In the course of the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to make use of tariffs to assist the US economic system and American producers. In 2024, Mexico, China and Canada accounted for 42% of whole US imports. On this interval, Mexico stood out as the highest exporter with $466.6 billion, based on the US Census Bureau. Therefore, Trump desires to concentrate on these three nations when imposing tariffs. He additionally plans to make use of the income generated by way of tariffs to decrease private earnings taxes.
