Nevertheless if it is postponed, it gives countries time to negotiate a solution to border security, and the fentanyl concerns that the Trump administration has publicly said were issues. The third issue is the trade deficits.
I would NOT expect that Trump would back-off on tariffs especially as he sees them as a revenue source, was a campaign promise, and a way to squeeze US and foreign manufacturers to produce within the US borders.
The news has sent the USD lower.
The USDCAD has moved to a low for the day at 1.4370 from around 1.4475 on the news.The EURUSD moved from 1.0391 to 1.0433.The GBPUSD has moved back above its 100 hour MA at 1.24402 and looks toward a swing area between 1.24739 and 1.24999 (call it 1.2500). This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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