EUR/USD DROPS BELOW 1.0300 AFTER US TARIFFS ON CHINA
EUR/USD DROPS BELOW 1.0300 AFTER US TARIFFS ON CHINA
EUR/USD falls below 1.0300, trading around 1.0280 during the Asian session on Tuesday.
The drop follows the implementation of a 10% across-the-board US tariff on China.
The US Dollar strengthens due to the tariff announcement.
President Trump mentions that US-China trade talks would likely occur within 24 hours.
Trump warns that if a deal with China isn't reached, tariffs will increase substantially.
The Euro faces continued pressure due to dovish sentiment around the European Central Bank’s policy outlook.
