Search ForexCrunch

CNBC just reported that “Peter Navarro, one of President Donald Trump’s top trade advisors, said the market was overreacting to fears the administration would restrict foreign investment as part of its trade actions against China and other countries.”

In a knee jerk reaction USD/JPY gained about 50 pips now at 109.85 and USD/CHF was up 20 pips now at 0.9874 while gold lost about $2 to $1,264.71