Markets are waiting for direction from US President Donald Trump. Adam Button, chief currency analyst at investingLive, told Reuters there are "two paths Trump can go down - he can double down on unpopular trade wars or he can listen to the electorate and change course." Button describes this as a crossroads that reflects some of the current tension in markets. The source cites one early sign: asked about replacing Pete Hegseth, Trump said, "No, I think he's doing a very good job." The source reports no specific currency pair moves, pip figures, economic data or technical levels. For traders, the main takeaway is that trade-policy uncertainty remains a key driver of sentiment. Further signals from the White House on whether trade policy shifts or stays the course are the factor to watch for USD direction and broader risk appetite.
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