US-EU Trade Deal Spurs Tariffs, Dollar Rises

European leaders criticized the recent US-EU trade agreement, which imposes a 15% tariff on most EU exports to the U.S., as 'unbalanced' and favoring the United States. The deal led to sharp declines in both the euro and British pound, with the pound falling to near $1.34 against the US dollar amid weak UK economic data and expectations of a Bank of England rate cut. The US dollar strengthened broadly following the agreement, supported by optimism over trade stability and closed deals with the EU. US-China trade talks also resumed in Sweden, raising hopes for a 90-day extension to the tariff truce. Gold prices remained steady but lost some safe-haven appeal due to a stronger dollar and improved trade outlook. Investors continue to watch for central bank decisions and further trade developments.