India, July 24 -- The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major counterparts in the European session on Thursday, after reports emerged that the U.S. and EU are edging closer to a trade deal.
Concerns eased about a global tariff war after U.S. President Donald Trump confirmed major trade deals with Japan and the Philippines, which spurred expectations of further trade agreements as the August 1 deadline nears.
A possible deal would result in a broad 15 percent tariff on EU goods imported into the U.S., avoiding a harsher 30 percent levy slated to be implemented from August 1, two EU diplomats said.
Traders also cheered comments from U.S. Treasury Secretary Scott Bessent backi...