EUR/USD tests 1.04 as Speculation over universal trade tariffs sends dollar lower again

A little earlier this morning there were some fresh headlines suggesting a potential shift in the planned trade tariffs set to be put in place by the new Trump administration. Prior to these fresh reports it was suggested that any punitive import tariffs would only apply to what might be deemed as critical products. Well, not long ago a sourced article suggested that such tariffs might apply to all countries. The reaction to this news has now sent the dollar tumbling across the board. The EUR/USD has spiked to test the 1.04 handle and the GBP/USD has lifted above 1.2500. The USD/JPY has fallen back, but not by anything like as much of a move as seen in the other two pairs. The EUR/USD is right now at 1.0397