US Open Preview – Trade risks elevate the yen; European stocks tumble
Posted on June 25, 2018 at 11:35 am GMTHere are the latest developments in global markets: FOREX: During Monday’s trading session, the dollar was moving lower by 0.47% against the Japanese yen after the US President Donald Trump threatened on Friday to impose a 20% tariff on cars imported from the EU. The dollar index though, which tracks the strength of the greenback against six major currencies, managed to climb to 94.58 (+0.08%) as the euro and the pound remained under pressure. Euro/dollar slipped by 0.06% from an intra-day high of 1.1673 to 1.1649. Euro/yen was also [..]