The USD gained across the board on the news that a US Federal court has blocked most of Trump tariffs.
ICYMI:
- A US federal court blocked Trump’s “Liberation Day” tariffs from going into effect
- USD higher after US court says Trump doesn’t have ‘Liberation Day’ tariff authority
- Trump’s tariffs blocked – what we know
More:
- Trump has a number of avenues of appeal open – here’s one
- Trump has appealed against the court ruling blocking tariffs
The USD surged on the news, most notably against ‘safe haven’ FX such as yen and CHF. Highs were around
- 146.28 for USD/JPY
- and 0.8348 for USD/CHF
Both have retraced a little, as have other FX. EUR/USD hit lows around 1.1212 and is around 1.1245 or so as I post.
This article was written by Eamonn Sheridan at www.forexlive.com.The USD gained across the board on the news that a US Federal court has blocked most of Trump tariffs. ICYMI:A US federal court blocked Trump’s “Liberation Day” tariffs from going into effectUSD higher after US court says Trump doesn’t have ‘Liberation Day’ tariff authorityTrump’s tariffs blocked – what we knowThe US dollar is continuing to rocket higher on the tariff-block newsMore:Trump has a number of avenues of appeal open – here’s oneTrump has appealed against the court ruling blocking tariffsThe USD surged on the news, most notably against ‘safe haven’ FX such as yen and CHF. Highs were around146.28 for USD/JPY and 0.8348 for USD/CHFBoth have retraced a little, as have other FX. EUR/USD hit lows around 1.1212 and is around 1.1245 or so as I post.
This article was written by Eamonn Sheridan at www.forexlive.com. Read MoreNews
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