This on tariffs:
Trumnp wants tariffs to replace internal tax revenue. That this is not feasible is not stopping some buying of the USD. Spot traders are;t here to mull the intricacies of policy possibilities, they are here to generate $ for the desk.
USD/JPY is sitting on its session lows but EUR/USD, AUD/USD, NZD/USD, GBP/USD are all reversing their earlier gains. And USD/CAD is turning around higher.
This article was written by Eamonn Sheridan at www.forexlive.com.
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