Trump had previously said he will announce reciprocal tariffs either on Tuesday or Wednesday. He didn't do so yesterday, so expect traders and investors to be watching carefully for anything later today. When asked earlier, he just said "we'll see".
For now though, it's a bit of a mixed bag out there. Treasuries are offered with yields running higher again but the dollar struggled a fair bit yesterday, especially against the euro and pound. USD/JPY remains an exception as it is poised for a third straight day of gains this week, up another 0.8% to 153.65 at the moment. A crucial point for the pair is that it is moving back up above its key daily moving averages of 152.70-87 now. Buyers back in control?
As for stocks, there was a mixed showing yesterday with tech shares lagging in Wall Street. But so far amid all the tariff threats, you'd hardly notice any real hiccups on the charts for equities. And I think that says a lot about the state of play and underlying sentiment in the market.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about us inflation data in focus but will trump tariffs steal the thunder 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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