EUR/USD: Euro falls below 1.2300 as risk-off pushes equity lower

 EUR/USD Trading News 

The EUR/USD is trading down 0.3% on the day at around 1.2280 retreating from 1.2340 highs after the the risk-off sentiment rattles the market with China announcing tariffs of US pork and fruits imports while the US manufacturing PMI from IHS/Markit rises to 55.6 in March, its highest reading since March 2015. The manufacturing activity report from ISM saw activity decelerating more than expected to 59.3, but sub-index of prices rose strong 3.9 point to 78.1 in March indicating that the price pressures are building up 

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