A barely believable few days as financial markets took another dramatic turn

See below for today’s G3 FX Update.

https://go.on.ebury.com/G3FXUpdate_10.04.2025

Highlights:

– Trump delivers a shock 90-day delay to most tariffs.

– China tariffs hiked to 125% after retaliation.

– Risk assets soar on the news, led by equity markets.

– US stocks markets post near record one-day gains,

– Markets bet compromise will limit economic impact.

– EUR/USD falls below 1.10 level, safe-havens retreat.

Have a great day.

Jack Entwistle

Key Account Director

07961777463

jack.entwistle@ebury.com