Bessent: Trump Tariffs Could Be Reinstated in July

Technical indicators present a neutral to slightly weak outlook; the RSI is at 44, and the DXY closed just above the SMA20. The MACD is below but close to the signal line, indicating that momentum remains indecisive. In the short term, the risk perception created by the news and dollar demand could temporarily overcome the technical weakness, so a slight uptick can be expected.

The headline, by raising the possibility of Trump's tariffs being re-implemented, could create a risk perception favoring the dollar. Technical indicators are relatively balanced; the RSI is in neutral territory, the MACD is below the signal line, but the price is around short-term averages. A slight downward pressure can be expected for EURUSD in the short term, but confidence remains at a moderate level as the market has not yet seen a concrete policy change.

The headline suggests that Trump's potential tariffs could be reinstated, creating a risk-off environment for GBP/USD. Technically, the price is just below the SMA20 and below the MACD signal line, indicating short-term weakness. However, the RSI is in neutral territory and the price remains above the SMA50, suggesting the decline may be limited. Slight downward pressure is expected in the short term.

The headline indicates that potential Trump tariffs could be reimposed in July. This is generally perceived as a strengthening factor for the US dollar and could create pressure on emerging market currencies. Technical indicators support a short-term upward trend for USD/TRY; the price is closing above the SMA20 and SMA50, and the RSI is at 65, approaching overbought territory but not yet there. The MACD is above the signal line, indicating upward momentum. However, confidence is limited due to the RSI level and the timing of the news (July). A slight dollar/lira rise can be expected in the short term (1-3 days), but the move may not be sharp.