Markets on edge as Trump threatens EU with new tariffs

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From a basket of currencies, the Dollar extended losses in the currency distance today despite last Friday’s US jobs report calming concerns over the health of the economy in the world. The Dollar is positioned to weaken amid speculation around the Federal Reserve cutting interest rates. Much focus will be directed towards the FOMC Minutes scheduled for launch on Wednesday, which will be inspected for hints on the Fed’s policy course this season. Should the moments be introduced with a dovish touch, this has the potential to weaken the Dollar.