The Dollar has been trading with a softer bias after President Trump said yesterday that he was “not thrilled” with higher interest rates while venting at the weaker Yuan, even though the remarks that were subsequently walked back some by a White House official. Trump’s remarks were from a preview of an interview with CNBC, which will be played in its entirety later today. EUR-USD posted a 1.1678 high in the wake of Trump’s remarks and has subsequently met good demand on dips. USD-JPY has consolidated below 112.50, above the Trump-inspired low at 112.05.
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