The EURUSD is trading near lows for the day and below the 100 hour MA at 1.0873.
EURUSD technicals
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Pres. Trump threatens a 200% tariff on European wines, champagnes and alcohol
- Trump will always look to hit them where it hurts the most. Autos and spirits hurt.
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- Preview - BofA forecasts sticky CPI at 2.9% y/y, tariffs keep inflation pressures alive
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- Japan firms oppose tighter foreign worker curbs as labour woes fuel record bankruptcies
- Trump makes Oval Office statement on Charlie Kirk’s death
- Belarus embraces crypto amid sanctions, Lukashenko calls digital assets “strategic”
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August CPI likely up 0.3% on gas/tariffs, but Fed still poised for rate cut. Core CPI may hit 3.1%.
Reuters
1m ago
US inflation ticks up to 2.9% on tariffs, Fed faces rate cut dilemma. Wall Street eyes 3 cuts.
Associated Press Finance
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Reuters
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