Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week.As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online ... prices are liable to swing around, so take care out there.The weekend news:Trump hits the European Union (EU) and Mexico with a 30% tariff, starting on August 1A small gap higher for the USD as you'd expect. A gap fill seems likely given what we have seen these past few months on tariff announcements and then back downs. Euro: This article was written by Eamonn Sheridan at www.forexlive.com.