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Germany's Merkel: Potential US tariffs incompatible with WTO rules

Following the reports of the United States planning to announce the trade tariffs implementation on steel and aluminum imports from the eurozone, Germany’s Chancellor Angela Merkel has stated that any potential tariffs by the US would be incompatible with the World Trade Organization rules, as reported by LiveSquawk. Merkel further added that the EU's response to those tariffs would have to be intelligent and united.

The EUR/USD pair didn't show a noticeable reaction to these comments and was last seen trading near the 1.17 handle ahead of the important macroeconomic data releases from the US.

USD/JPY remains capped below 109.00 handle ahead of US data

   •  A goodish pickup in the US bond yields helps to bounce off lows.    • Sliding USD/cautious mood now seemed to cap the up-move.    •  Traders e
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US economy on track - AmpGFX

US economic reports were mixed to a bit weaker than expected yesterday, but probably don’t move the needle much on the US outlook, according to Greg G
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