Welcome to today’s edition of Trump tariff talk watch! It sure seems that way. Major FX was subdued until Trump dropped tariff remarks again. He said the EU ‘treats us badly’ and that tariffs are on the way for them. EUR/USD dropped from around 1.0425 to lows under 1.04. Other FX dropped alongside, to various degrees. Trump had earlier reiterated the threat of a 10% tariff on China, as early as February 1, and also that he wants to renegotiate his trade deal with Canada and Mexico.
Leaving the US behind and crossing the Pacific we had inflation data from New Zealand, both the official reading and the Reserve Bank of New Zealand’s own data.
NZD/USD dribbled lower on the session, towards 0.5650 and is circa 0.5660 as I update.
USD/JPY tracked to highs above 155.90 and its ebbed a little to around 155.78 as I post. There was little fresh news from Japan today.
Gold climbed back above US$2750.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap trump tariffs remarks trigger usd jump 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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