Trump announced a 10% baseline tariff on all imports, with higher rates for major trading partners, including 34% on China and 20% on the EU.
'Risk' was slammed lower, with yen and gold benefitting.
EUR/USD trade under 1.0820 and has now recovered to above 1.0910 as I post.
This is only going to be a taste of the volatility to come in the hours ahead as more of Asia comes on line and then Europe/UK trade responds. I'd be wary of further upside from here.
Updates:
USD/JPY is around 147.90gold is around US$3164 This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( EUR risen strongly in Asia morning trade after Trump tariff announcement sell off earlier )
Also on site :
- Egypt climbs up in FIFA World Rankings
- Indian parliament’s lower house passes controversial Muslim endowments bill
- Danish prime minister visits Greenland as Trump seeks control of the Arctic territory