US President Donald Trump said Saturday that the United States will impose a 30% tariff on goods from the European Union (EU) and Mexico that will take effect on August 1, per Bloomberg.
The Euro (EUR) extends its advance against the Japanese Yen (JPY) on Friday, rebounding from a two-day losing streak as the Japanese currency remains broadly weaker against its major peers.
Oil prices came under pressure yesterday with ICE Brent settling more than 2.2% lower, taking it back below US$70/bbl. This morning, prices have recouped some of this decline after President Trump said he plans to make a “major” statement on Russia on Monday.