United States EIA Crude Oil Stocks Change registered at -2.392M, below expectations (-2M) in August 22

Aug 27, 2025

EUR/USD slips below 1.1600 as Greenback holds firm despite Trump-Fed tensions

The Euro (EUR) came under renewed pressure against the US Dollar (USD) on Wednesday as a stronger Greenback, soft German Consumer Confidence data, and escalating political tensions in France weighed on the single currency, with EUR/USD slipping below the key 1.1600 psychological mark.

GBP/USD dips to 1.3457 as Fed turmoil boosts Dollar rebound

The GBP/USD dropped over 0.16% on Wednesday as the US dollar continued to recover some ground, courtesy of the White House's threats to the independence of the Federal Reserve (Fed), which triggered a rise on the long end of US Treasury bond yields.