Monday FX Market Review - Will USD Get Another Leg Higher
Markets thinned by the Whit Sunday observance through much of Europe, but some fresh movement in the USD at the start of the week and once again - to the upside. Fresh lows seen against the EUR, GBP and JPY driven by the current market theme rather than a fresh rise in US Treasury yields, which have remained pretty static since the mild pullback seen at the end of last week.
A positive risk mood sends USD/JPY up into the mid 111.00's, and this looks largely based on the news that the US will put the China tariffs 'on hold' to offer some near term relief to equity markets. On the flip side, there are suggestions that the US may ...Read More