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USD Traders Waiting on Next Round of Data
The US dollar has been higher across the European morning today as equities have seen some downside in the face of ongoing uncertainty over Brexit and US/China trade negotiations. US and Chinese officials are due to hold further talks tomorrow aimed at paving the way for the recently agreed “phase one” trade deal to be signed. Ahead of those talks, focus tomorrow will be on durable goods and manufacturing data. Any further data weakness is likely to put an end to the current recovery in USD.
EUR Lower Ahead of ECB Tomorrow
EURUSD has been weaker today as the recovery in USD has seen selling pressure in the single currency ahead of tomorrow’s ECB meeting. The market is not looking for the ECB to make any policy adjustments tomorrow. However, traders will be keen to judge whether the bank is likely to make any further easing announcements this year. The recent patch ...
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