The main news on Monday morning: Trump launched a new tariff war against China. Over the weekend, Trump said that he would increase the duty on goods from China to 25%, for which tariffs have already been introduced at 10% (goods worth $200 billion). Trump also threatens to impose duties on another $325 billion-worth of Chinese goods that are not yet subject to tariffs. New duties will come into force on Friday.
China has so far responded by canceling trade negotiations with the United States.
This news has affected the stock markets, but not yet the currency market.
EURUSD: Range. A possible upward trend on the euro
We are ready to buy the euro from 1.1270.
We are ready to sell the euro from 1.1110.
The material has been provided by InstaForex Company – www.instaforex.com
The main news on Monday morning: Trump launched a new tariff war against China. Over the weekend, Trump said that he would increase the duty on goods from China to 25%, for which tariffs have already been introduced at 10% (goods worth $200 billion). Trump also threatens to impose duties on another $325 billion-worth of Chinese goods that are not yet subject to tariffs. New duties will come into force on Friday.
China has so far responded by canceling trade negotiations with the United States.
This news has affected the stock markets, but not yet the currency market.
EURUSD: Range. A possible upward trend on the euro
We are ready to buy the euro from 1.1270.
We are ready to sell the euro from 1.1110.
The material has been provided by InstaForex Company – www.instaforex.com
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