The US Dollar continued to recover the losses from yesterday's slide as Trump talked about imposing 25% tariffs on Canada and Mexico. This has been the main driver of the session.
Looking at the data releases, the UK Employment report was the main highlight and the data showed once again job losses although the wage growth continues to run hot. The market pricing didn't change much although traders firmed up the expectations for a 25 bps cut at the upcoming meeting.
In other markets, equity indices erased all the losses triggered by the Trump's tariffs threat overnight and are now trading near yesterday's highs. Treasury yields are higher on the day but that might not last for long if concerns around trade wars leads to expectations of slower growth.
Gold has been mostly consolidating near the highs set overnight, while crude oil extended the slide as potentially higher US oil output and slower economic growth due to trade wars weighed on prices.
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about forexlive european fx news wrap the us dollar recovers losses amid tariffs threats 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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