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USD Climbing Despite Weak Data
The US dollar has been firmly higher over the European morning on Thursday despite weaker than expected data yesterday with the Chicago PMI coming in below market forecasts.
The pullback in equities today is lending USD some support, with the USD index trading at 98.32 last. With no domestic tier-one data due over the remainder of the week, USD flows are likely to remain linked to US-China trade deal headlines and movement in equities.
EUR Lower on USD Rally
EURUSD has moved lower over the morning on Thursday as a rally in the US dollar sets the tone for G10 trading. The near term outlook for the euro remains bearish in light of recent data weakness, which is keeping ECB easing expectations elevated.
EURUSD trades 1.1003 last, still below the 1.1024 level for now.
GBP Falls on Brexit Uncertainty
GBPUSD has been sharply lower today in light of the uptick in USD strength. On the elections front, a key poll has shown that the Conservative party on course to...
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