The negative moves though were erased because not only the higher rates were very much expected but also because the market continues to look through this tariff noise. The August 1 deadline and some mentions that it could be extended, just show that this is the same negotiating tactic we've seen since Trump took office. It's not binding.
I think the focus should remain on the Fed and inflation for now as that's what will influence growth and interest rate expectations in the next couple of months.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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