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EUR/USD charges back above 1.03 as Mexico soothes Trump angst
There is just so much going on across the markets right now that is is hard to keep pace with all the moves. The news just reported about the Mexican border situation has floated a whole load of boats. The EUR/JPY surged with stocks on this news. According to news wire reports, tariffs on Mexico have apparently been paused for a month. It seems the Mexican president has vowed to enforce its northern border with as many as 10,000 border guards and that is the news that has really shifted the dynamics. The EUR/JPY bolted higher, rising back above 159.50 very quickly and that saw the USD rise back above 154.75 and took the EUR/USD with it. The EUR/USD just jumped towards 1.0325 on that news. Gold fell back and US stocks jumped. The EUR/USD is right mow trading at 1.0310
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