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Trade Deal News Weighs on USD
The US dollar has started the week on a soft footing, though trading has been quiet so far today as traders digest the moves seen late last week. News of a last-minute trade deal between the US and China was greeted with a surge in equities prices which sent USD lower.
Though we have seen some recovery off the very lows of the move, further losses look likely if equities continue higher. USD index trades 96.66 last.
EUR Lower on Data Dump
EURUSD has fallen lower over the first European session of the week. Price is trading 1.1131 last, pulling back from overnight highs as a slew of eurozone, German and French PMI data sets came in below expectations.
The data highlights the ongoing issues facing the eurozone. And, despite a more optimistic tone at the last meeting, traders still eye further ECB easing in the near term.
GBP Down On PMI Weakness
GBPUSD has come under pressure today also as data released this morning showed the manufacturing and services P...
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