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Risk Assets

USD Recovering

The US dollar has been a little higher so far today. The USD index is trading 97.74 last, recovering off the lows of the week. The key data focus this week is the release of the FOMC meeting minutes tomorrow which is likely to add further support for USD.

At the meeting, the Fed signaled that it will be holding off from any further rate adjustments in the near term and data strength since then has seen US rate cut expectations dwindling further.

EUR Heads Lower

EURUSD has been a little lower today on the back of the recovery in USD. With no domestic US data scheduled today, flows are likely to be light while traders await the ECB meeting minutes on Thursday as well as a speech from new ECB president Christina Lagarde. EURUSD trades 1.1066 last, still above the 1.1024 level for now.

Brexit Hopes Boost GBP

GBPUSD continues to trade in the green today as a fresh wave of Brexit optimism has lifted the mood. The Conservative party has announced that all of its members standi...


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