The dollar strengthened, while equities tumbled yesterday as investors remained concerned over the global trade front. Today, Canada and the US return to the NAFTA negotiating table, while tomorrow, the public-comment period with regards to tariffs on USD 200bn Chinese goods concludes. Besides trade, CAD-traders will also focus on the BoC policy decision.
Trade Concerns Keep Markets on ‘Risk off’ Mode
The dollar traded higher against most of the other G10 currencies on Tuesday. It gained the most against NZD, CAD and CHF, in that order, while it lost ground only against SEK. The greenback traded virtually unchanged versus EUR and GBP.
The US currency continued to attract safe-haven flows yesterday as investors remained concerned over the global trade front, something that is evident by the performance of the equity markets as well. Most major European and US indices closed their sessions in...
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