Global FX Market Summary: Central Bank Divergence, Tariff Jitters Intensify, Gold Tests $5,190 as Dollar Softens — 25 February 2026
Central banks diverge on rate cuts, tariff tensions rise, gold and silver surge amid geopolitical risks and dollar uncertainty. Diverging Central Bank Pivot Timelines The global monetary landscape is currently defined by a widening rift in expectations between the world’s major central banks. While the Federal Reserve has adopted a “hawkish delay,” with officials like
