During the official White House press conference, the Secretary Levitt confirmed that US will impose trade tariffs on Canada and Mexico of 25% and China 10% tariff from 1st February, tomorrow. The US dollar gain value after this statement and reverses previous losses from RTRS news.
Source: xStation
Daily summary: Oil slumps 8% supporting Wall Street, precious metals and EURUSD
Economic calendar: ADP report and PMI data from Europe 🔎
Morning wrap (06.05.2026)
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