US Open Preview – EU warns of retaliation to US tariffs, BoC rate decision pending

Here are the latest developments in global markets: Forex: The resignation of Trump’s economic adviser and free-trade advocate, Gary Cohn, late yesterday, spurred speculations that the President’s plans to impose hefty import tariffs on aluminum and steel were more likely than analysts previously thought. The dollar index touched a fresh two-week low at 89.40 (-0.14%) and dollar/Yen continued to trade near […]