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Eyes & Ears on Trump
The US dollar continued to push higher over the European morning on Tuesday though as yet, the USD index is sitting just below last week’s highs at 98.12 last. Later today, President Trump will speak at the Economic Club of New York and traders will be keen to hear any comments regarding the president’s assessment of the ongoing trade talks with China, specifically the likelihood of a deal being signed in Chile this weekend.
EUR Lower on USD Strength
EURUSD remains under pressure today with price fighting to hold above the 1.1024 level. The resurgence in USD strength over recent sessions has weighed heavily on the single currency. A lack of key eurozone data this week will leave the focus mainly on USD flows.
UK Avoids Technical Recession
GBPUSD has been a little lower today, weighed on by a stronger USD. Confusion and uncertainty continue to stifle fuller directional moves in GBPU...
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