Risk sentiment continued to deteriorate due to the heightened tensions between the US and China. Yesterday, a report said that a completion of a “phase one” trade deal between the world’s two largest economies could slide into next year, disappointing market participants even more. As for today, we get the minutes from the latest ECB gathering, but given that the meeting was uneventful, we don’t expect the minutes to prove a major market mover either.
US-China Interim Deal to Slide into Next Year
Once again, the dollar traded mixed against the other G10 currencies on Wednesday and during the Asian morning Thursday. It gained against AUD, CAD, NZD and slightly against CHF, while it underperformed versus NOK, GBP and SEK. It was found virtually unchanged against EUR and JPY.
Yesterday, we got the minutes from the latest FOMC meeting, where the Committee decided to cut rates by 25bps as was widely anticipated but signaled that it is planning to...
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