The EUR/USD currency pair has gotten a big boost as a result of China stating that it will impose tariffs on $60 Billion of U.S goods starting June 1st. This action has undoubtedly extended the ongoing trade war between the two countries.
China's declaration came three days after the US action of all most tripling tariffs on $200 Billion of Chinese imported goods.
The EUR/USD bullish momentum has picked up steam as a result of China's promise to raise tariffs on US goods. As a result of the actions of the two countries, the USD has take a hit in the short term. Click here to read the full article which includes predictions of the EUR/USD next target.
disclaimer: The above opinions should be used for research and educational purposes only and should not be interpreted as investment advice because we are not investment advisers.
China's declaration came three days after the US action of all most tripling tariffs on $200 Billion of Chinese imported goods.
The EUR/USD bullish momentum has picked up steam as a result of China's promise to raise tariffs on US goods. As a result of the actions of the two countries, the USD has take a hit in the short term. Click here to read the full article which includes predictions of the EUR/USD next target.
disclaimer: The above opinions should be used for research and educational purposes only and should not be interpreted as investment advice because we are not investment advisers.
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