EUR/USD Weekly Forecast: NFP Data Spurs Fed Rate Cut Speculation Amid Trade War Volatility

The EUR/USD pair closed NEAR 1.1550 after a turbulent week marked by disappointing US economic data, fueling expectations of Federal Reserve rate cuts. Trade tensions dominated headlines as the US and EU announced a partial tariff agreement—15% on most US exports but maintaining 50% levies on European steel, aluminum, and copper. The deal faced sharp criticism from European leaders, with Germany's chancellor warning of "considerable damage" to regional economies.

Market volatility intensified as the White House imposed new 50% tariffs on Brazilian imports and copper derivatives, while granting Mexico a 90-day tariff reprieve. These developments coincide with the August 1 tariff deadline, creating cross-market ripple effects that may indirectly impact cryptocurrency liquidity as traders seek alternative stores of value during fiat currency fluctuations.