Euro Rallies on China’s Retaliatory Measures, Drops Shortly After

May 14,2019 02:35   Source:Earnforex
The euro today leapt to new monthly highs against the US dollar after news reports suggested that China was planning retaliatory tariffs on US exports. According to the Guardian, China is set to implement a 25% tariff on $60 billion worth of US imports as well as halting bond purchases among other measures. The EUR/USD currency pair today rallied from a low of 1.1221 in the early European session to a high of 1.1263 in the early […]

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