Tarriff news is not encouraging:
- Key take away - Trump's 25% steel and aluminium tariffs - NO EXEMPTIONS or EXCEPTIONS
- White House says 25% steel tariffs will apply to all countries
The USD is inching a little higher, AUD/USD as an example:
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Australian dollar losing a few tics now as (tariff) reality bites
- USD up a little more widely across th majors board
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- The Indian Rupee extends the losses amid US-Iran stalemate with record lows in sight
- US futures keep more muted awaiting big day ahead
- Fed preview: focus on Powell’s final press conference as no policy change is expected
- Euro area economic climate worsens further in April as inflation expectations jump
- USD/CAD pulls back into a major trendline ahead of the BoC and Fed decisions. What's next?
- German states see slight uptick in headline inflation for April
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