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EUR risen strongly in Asia morning trade after Trump tariff announcement sell off earlier

Trump announced a 10% baseline tariff on all imports, with higher rates for major trading partners, including 34% on China and 20% on the EU. 'Risk' was slammed lower, with yen and gold benefitting. EUR/USD trade under 1.0820 and has now recovered to above 1.0910 as I post. This is only going to be a taste of the volatility to come in the hours ahead as more of Asia comes on line and then Europe/UK trade responds. I'd be wary of further upside from here. Updates:USD/JPY is around 147.90gold is around US$3164 This article was written by Eamonn Sheridan at www.forexlive.com.

Trump announced a 10% baseline tariff on all imports, with higher rates for major trading partners, including 34% on China and 20% on the EU. 'Risk' was slammed lower, with yen and gold benefitting. EUR/USD trade under 1.

0820 and has now recovered to above 1.0910 as I post. This is only going to be a taste of the volatility to come in the hours ahead as more of Asia comes on line and then Europe/UK trade responds.

I'd be wary of further upside from here. Updates: USD/JPY is around 147.90 gold is around US$3164.