Sellers 1.0940/50, 1.0985/00
- Buyers 1.0900, 1.0865/75.
- Stops under 1.0850
Currently
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- AUD: Australian pension funds rush to shield portfolios from Iran war currency shock
- Fed rate cuts pushed to late 2026 as Middle East war fuels inflation surge
- PBOC sets USD/ CNY reference rate for today at 6.8650 (vs. estimate at 6.8294)
- Fake news (social media) on an attack on Tehran sent oil up, stocks down. Unwound now.
- Japan PMI shows manufacturing surge as services slowdown caps growth
- PBOC is expected to set the USD/CNY reference rate at 6.8294 – Reuters estimate
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