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According to the Wall Street Journal, an EU official said that the U.S. and the EU delegations were working on the language of the joint statement to address the issue of tariffs on European automobiles.

Markets are now eagerly waiting for the press conference. Following the initial drop to a fresh 2-week low at 94.14, the US Dollar Index is now staging a modest recovery. As of writing, the DXY was at 94.25, down 0.38% on the day.