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The US political system always finds a way to steal the show and remains the heavyweight champion of intrigue. Last weeks Supreme Court ruling that Trump's tariffs were unlawful was bound to get a big reaction from the President, who reacted in the way you would expect, using a never-used before law to allow him to impose a 15% tariff for 150 days.
USD has been the biggest casualties so far, with the broad Dollar Index down -0.3% and classic safe havens such as the Swiss Franc performing the best. Given Trump's difficulty with staying the course on many policies, there is likely to be more twists and turns this week regarding tariffs that will add more fuel to the speculative fire.
Markets Today
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Major Economic Releases (All times in GMT)
13:30 US Factory Orders