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USD/JPY falls on China trade comments

USD/JPY now in negative territory Gains in USD/JPY were wiped out after China’s Commerce Ministry said it will have to take further measures to respond to US tariffs on steel and aluminum. The pair fell to 112.71 from 112.95 on the headlines.

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Commodity currencies catch a bid

Oil at the best levels of the day Broad commodities are lower but oil is higher on the day despite a big surprise build in US inventories. That’s weighed on USD/CAD to send it down to 1.3188 from as high as 1.3260 earlier today.

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Trump will record an interview with CBS later today

Trump to take questions from a non-FOX broadcast An interview with Fox Business’ Maria Bartiromo earlier this month was a bit of a joke because of the softball questions and friendly tone. Conversations this week with Sean Hannity and Tucker Carlson were similarly friendly but Trump faces a tougher test today when he will do a sit…

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UK inflation slowdown is a tell of two tales

There are two sides to the coin on the recent softness in inflation ForexLive Core inflation has now fallen to just under the BOE’s target of 2%, but as long as it doesn’t fall further than that it should give comfort for the central bank to raise rates come August – and given that this…