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Risk Assets

USD Supported By Positive FOMC Minutes

The US dollar remains well supported today on the back of a set of broadly positive FOMC meeting minutes yesterday. The Fed cited an easing of trade tensions and a better global growth outlook in its decision to hold rates steady, which it believes will remain appropriate in the near term. In terms of downside risks, coronavirus was the most notable factor. USD index trades 99.66 last, continuing to push towards 100.

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EURUSD Holding Near 1.08

EURUSD is fighting to hold above the 1.08 level following a move below it earlier in the session. Today, traders will be watching for the ECB meeting minutes. Lagarde warned markets that ECB monetary policy will not be on auto-pilot this year while it conducts its strategy review and traders will now be keen to see if there was any support for further easing. EURUSD trades 1.08 last.

GBP Near 2020 Lows

GBPUSD has been lower again ...

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