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Equities Rebound on Trump’s Remarks, GBP Falls the Most Among the G10s

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The dollar and US equity indices gained yesterday after US President Trump noted that a deal with China may be reached sooner than people expect. Among the G10s, the pound was the main loser, perhaps as buyers of the currency were disappointed by the lack of any progress in the first day of the UK Parliament’s return to work after the Supreme Court’s decision to rule its suspension as unlawful.

Trump Says a Trade Deal Could Happen Sooner than People Think

After tumbling on Tuesday, the dollar rebounded yesterday, and today, it is found higher against all but one of the other G10 currencies. The greenback gained the most against GBP, SEK and CHF, while the currency against which it failed to eke out any gains was CAD, with USD/CAD trading virtually unchanged.

On Tuesday, the dollar’s tumble came alongside the slide in equities and this was due to US President Trump’s harsh comments against China at the United Nations, but most importantly...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/equities-rebound-on-trump-s-remarks-gbp-falls-the-most-among-the-g10s-20190926
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