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Major currencies in holding pattern ahead of US tariff deadline, jobs data

The United States is due to begin collecting tariffs on $34 billion in Chinese goods at 0401 GMT today

Reuters  |  Tokyo 

Major currencies trod water early on Friday as investor caution prevailed ahead of Washington's implementation of its threatened tariffs on Chinese goods and the US jobs report due later in the day. The United States is due to begin collecting tariffs on $34 billion in Chinese goods at 0401 GMT on Friday. Focus has shifted to how China will retaliate and the potential volatility that could cause in the global financial markets. "As Wall Street's gains have shown, the markets have been able to price in the tariff implementation for the most part. But there is always ...

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First Published: Fri, July 06 2018. 09:10 IST
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