The news:
A US federal court blocked Trump’s “Liberation Day” tariffs from going into effectUSD higher after US court says Trump doesn’t have ‘Liberation Day’ tariff authorityTrump’s tariffs blocked – what we know
USD/JPY is up more than a big figure, highs hit circa 146.00.
USD/CHF is up around 70 points.EUR/USD is down nearly a big figure, lows circa 1.1210.
So far we’ve heard nothing from Trump. The ruling can be appealed.
This article was written by Eamonn Sheridan at www.forexlive.com.