
US tariffs are worse than expected. Equities and USD drop, safe havens surge | MarketTalk: What’s up today? | Swissquote
Trump’s tariff announcement was worse than expected. The market reaction to the tariff announcement is strongly negative. The pricing in currency markets suggests rising retaliation bets to the US tariffs. The US dollar eased to the lowest level since Trump entered the White House, the lowest levels this year and the lowest levels since mid October. The tariff announcement sent Cable directly up above the 1.30 psychological mark. The EURUSD trades above the 1.09 level while the USDJPY tanked to 147.
Inside equities, the afterhours trading looked like a bunch of US companies announced disappointing earnings all at once. Apple...