Risk appetite improved somewhat yesterday, perhaps due to US President Trump softening his rhetoric around the US-China trade saga. In the FX world, SEK was the biggest gainer following Sweden’s better-than-expected inflation data for April, while GBP was the main loser, staying under selling interest due to the increased uncertainty surrounding the UK political landscape. The Aussie was also among the losers, with its traders waiting for Australia’s jobs data, due out during the Asian morning Thursday. Ahead of that though, the spotlight is likely to turn to Canada’s inflation prints for April.
Risk Sentiment Improves Somewhat, Brexit Uncertainty Weighs on GBP
The dollar traded higher against most of the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained the most against GBP, AUD and EUR in that order, while it lost some ground versus SEK and CAD. The greenback traded virtually unchanged against NOK.
Although not clear by the performance in the FX world, risk appetite improved somewhat yesterday, and this...
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