EUR/USD and USD/JPY have pulled right back:
The news earlier ICYMI:
- Trump backing away from tariffs, backing away from firing Powell – will it last?
- Trump says he has no plans to Fire Federal Reserve Chair Powell
- Trump says he is going to be very nice to China, they have to make a deal
Equity index trade on Globex is holding better after its gap higher:
This article was written by Eamonn Sheridan at www.forexlive.com.