Bearish bets against the dollar are building. Panmure Liberum’s director of equity trading, Mark Taylor, penned a short note for investors Tuesday in which he outlined how the dollar’s weakness create

The EUR/USD pair hovers around 1.1370, easing from its Monday’s peak at 1.1420, but far from turning bearish. The US Dollar (USD) trades mixed across the FX board, but generally speaking, retains its broad weakness amid concerns related to tariffs.

Trump’s unpredictable actions and tariff threats against global trade partners have opened up a “prime opportunity” for Europe to elevate the international role of the euro

Tariff drama left the dollar weaker in April, and the recent short-lived Trump-EU spat is no exception. With market concerns on the US deficit still playing a role, the downside risks for the dollar remain tangible, unless data comes to the rescue. Meanwhile, Lagarde is speaking about a “global euro moment”, but is there enough political backing?

The US dollar continues to see a lot of pressure overall, but at this point in time, the market is seeing a bit of strength, as the greenback looks to recover from recent selling. The current action shows that the USD is still resilient.

Across the Atlantic, the euro was designed to be more than a regional currency. From its inception in the 1990s, its architects envisioned not only greater monetary stability and economic integration within Europe, but also a currency that could rival the dollar on the global stage.

The U.S. House of Representatives last week passed a version of Trump's tax-cut bill that is calculated to add about $3.8 trillion to the federal government's $36.2 trillion in debt over the next decade, according to the Congressional Budget Office.

As of Tuesday morning, the exchange rates for the U.S. dollar, euro, and Freely Convertible Currency (MLC) remain stable in Cuba's informal market.