The NZD/USD seems to be leading the way, up 0.5% already this session and it’s dragging the others along with it, as USD selling dominates after the earlier comments regarding possible Fed action.
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USD on retreat after Fed action statements
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- UK construction sector remains subdued in June - PMI data
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- Indian Rupee extends losses as traders shift their focus from oil prices to Fed tightening
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