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Equities Turn Down Again, USD Continues to Trade North

JFD

Major EU indices closed in positive territory yesterday, but investors’ morale took a 180-degree spin during the US session, after a whistleblower report revealed that US President Trump pressured the Ukrainian President to investigate the son of Joe Biden, as well as due to another report saying that the US was unlikely to extend a waiver over Huawei. In the FX world, the greenback continued trading north against most of its major peers, perhaps staying supported by Richmond Fed President Barkin’s remarks on interest rates.

US Politics and Huawei Headlines Weigh on Risk Sentiment

The dollar continued trading north against most of the other G10 currencies on Thursday and during the Asian morning Friday. The main losers were NOK, EUR and GBP in that order, while the currencies against which the greenback failed to record any gains were AUD and JPY, with AUD/USD and USD/JPY found virtually unchanged.

The fact that both the Aussie and the yen were among the top performers paints a confusing picture with regards to the broader market sentiment. Thus, we prefer to take a look on how...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/equities-turn-down-again-usd-continues-to-trade-north-20190927
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