Foreign exchange market – March 27, 2025

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| New tariffs add to the nervousness of the foreign exchange market

• The U.S. dollar fell below 104.5, reversing some of its earlier gains.
• The EUR/USD recovered slightly towards 1.08, driven by dollar weakness amid the escalating trade war.
• GBP/USD fell below 1.29, reaching its lowest level in almost two weeks, following weaker-than-expected February inflation data and the release of the Spring Statement.

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| Hector Wilson Tovar Garcia: Research Manager – wtovar@accivalores.com

| Maria Alejandra Martinez Botero: Research Director – maria.martinez@accivalores.com

| Diana Valentina Gonzalez: IE Analyst – diana.gonzales@accivalores.com

| Jahnisi Arley Caceres Gomez: IE Analyst – jahnisi.caceres@accivalores.com

| Laura Sophia Fajardo Rojas: IE Analyst - Laura Fajardo@accivalores.com

| Maria Lorena Moreno: Intern – maria.moreno@accivalores.com