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Risk Assets

Traders Wait on FOMC Minutes

The US dollar has been lower over the European session so far on Wednesday though has bounced off lows. Looking across the rest of the day, the FOMC meeting minutes will be the key data. The minutes are expected to show stronger opposition to further Fed easing though given recent data weakness the minutes are potentially a little out of date at this stage. USD index trades 98.69 last.

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EUR Higher on USD Weakness

EURUSD has been higher today, benefiting from weakness in USD. The Eurogroup meetings underway today and though details are not published, the press usually receives summaries from individual attendees across the day which could have some market impact. EURUSD trades 1.0981 last.

GBP Whipsaw Continues

GBPUSD has had a turbulent 24 hours, whipsawed by conflicting Brexit headlines. Price was lower yesterday in response to reports that Johnson’s Brexit deal was essentially...

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