EUR/USD retreats after hitting a six-week peak of 1.1454 on Tuesday amid increasing concerns of market participants regarding the trade war ignited by the United States (US). The Greenback’s appreciation weighs on the pair, which trades at 1.1379, down 0.52%.
Ripple’s (XRP) gains momentum as the crypto market broadly consolidates, trading at $2.22 at the time of writing on Tuesday. The slight uptick in the XRP price comes amid growing concerns over tariff tensions and uncertainty in the United States (US).
The Australian Dollar (AUD) slips against the US Dollar (USD) on Tuesday, retreating from recent highs to 0.6460 as traders react to the Reserve Bank of Australia’s (RBA) cautious tone and softer-than-expected current account figures.