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USD in Demand
The US dollar has been a little firmer over the European morning so far on Tuesday. Fluctuations in risk appetite around trade war and Brexit headlines continue to impact the safe-haven flows seen for USD.
Fed rate cut expectations are keeping the USD outlook subdued in the near term and this should build heading towards the October FOMC. USD index trades 98.20 last.
EURUSD has been lower against USD today. The latest economic data from Germany (ZEW economic sentiment) came in better than expected. However, it remained in negative territory.
Recent data weakness in the eurozone has kept EUR pressured over recent months. EURUSD is trading 1.1016 last, back below the 1.1025 level.
GBP Buoyed by Brexit Deal Hopes
GBPUSD has been a little higher today as the market continues to display optimism ahead of the EU summit this week (starts on Thursday). UK and EU leaders have been locked in talks over the last week with sentiment mainly positive.
However, divisions over...
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