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EUR/USD like a rabbit in the headlights this morning
The European stock markets might be defying the odds, but the risks of blanket trade tariffs on Europe are still very much on the radar. It would seem likely that it is only a question of time before Trump targets the region. There is nothing good that will come from that though, if and when it happens. Perhaps the markets now believe that any tariffs are just a bargaining tool and not something that will have more than a passing impact until a deal is ironed out? Well, that might be the case, but it seems the Euro is not taking any chances on that. To be honest it looks like a rabbit ion the headlights right now. The range seen so far today has been covered by 1.0292 and 1.0311. There might be more to add on that, if anything changes. The EUR/USD is currently trading at 1.0307, which is right where it closed in the US last night
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Not much on the US data agenda today for the S+P 500
It has already been an incredibly light week for US data releases and it will remain that way today and tomorrow. The only release of note later today...
