USD higher after US court says Trump doesn't have 'Liberation Day' tariff authority ...Middle East

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A US federal court blocked Trump's "Liberation Day" tariffs from going into effect

This is potentially big news. Trump is not going to like this and I suspect he'll do whatever he can to ignore the ruling/get around it. Note, Trump can appeal this ruling.

Meanwhile, US equity index futures onGlobex are surging.

Yen, EUR, CHF lower (other major FX also to varying extents)

This article was written by Eamonn Sheridan at www.forexlive.com.

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