The indications are that Trump is likely to announce reciprocal tariffs on Thursday. The White House schedule has him signing executive orders at 1 pm local time, so perhaps that is the timing? Earlier on it was indicated he may be doing so after his meeting with India's prime Minister Modi:
the two meet at 4.05 pm US Eastern time
the two hold a news conference at 5.10 pm
We’ll see.
If the threat of tariffs is meant to weigh on the EU that was not reflected in the euro today. EUR/USD rose to circa 1.0430, back to its post-US CPI high.
If the threat of tariffs is encouraging ‘safe haven’ flows, well maybe the gold price movement backed this – it rallied to above USD2915.
Conflicting narratives if you are into narratives!
The dollar was offered more broadly. AUD, NZD, CAD, GBP, CHF all rose.
From Japan we had a further indication of inflation pressures with the January PPI coming in at 4.2%, above expectations (4.0%) and above December (3.9%). The yen didn’t post gains really. USD/JPY is not a lot changed on the session around 154.45 as I update.
NZ data showed subdued inflation expectations.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap awaiting trump s reciprocal tariffs eur up 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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