Trump's tariff team studying gradual hikes of 2 to 5% per month
here, as it appears Trump's team is still concocting something on the tariffs front. They are exploring different options before rolling things out but knowing Trump, he will at least want to put on a big show. Or at least try and talk that up.
Meanwhile, AUD/USD is facing up against a test of its own 200-hour moving average (blue line) at 0.6206. Keep below that and sellers will still have some voice in trying to wrestle back near-term control of the pair. But break above that and buyers will instead establish a more bullish near-term bias.
Looking elsewhere, GBP/USD is keeping a downside bias still but is seeing a modest bounce off the low of 1.2100 yesterday to trade at 1.2210 now. As for USD/JPY, the pair continues to track more sideways as it nudges between 157.00 to 158.00 to start the new week.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about dollar seeks validation to start european morning trade was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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