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Equities Gain on Trade Hopes, Pound the Main G10 Winner

JFD

Major equity indices traded in the green, as positive headlines surrounding the US-China sequel revived hopes over signing a “phase one” trade deal. In the FX world, the British pound was the main gainer after UK PM Boris Johnson pledged to bring his Brexit deal back to Parliament before Christmas.

Risk Appetite Boosted by US-China Optimism

The dollar traded higher or unchanged against all but one of the other G10 currencies on Monday and during the Asian morning Tuesday. It gained the most against NOK, SEK and AUD, while it was found virtually unchanged against CHF and NZD. The greenback underperformed only against the pound.

Once again, we cannot derive a clear picture with regards to the broader market sentiment by just looking at the FX performance. That said, the...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/equities-gain-on-trade-hopes-pound-the-main-g10-winner-20191126
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