Risk appetite was boosted yesterday after US President Trump and European Commission President Juncker agreed to work towards zero tariffs. As for today, the main event is likely to be the ECB policy meeting. With no change in policy expected, investors may be looking for more clarification on the Bank's interest rate guidance.
Trump-Juncker Meeting Boosts Risk Appetite
The US dollar traded lower against all the other G10 currencies on Wednesday. It lost the most against CAD, SEK and NOK, while it underperformed the least against the safe-haven CHF.
Yesterday, the main event for the financial community was the Trump-Juncker meeting in Washington. The dollar and the safe-havens CHF and JPY came under selling interest, while riskier assets, like commodity-linked currencies and equities, gained following a report citing a European official saying that President Donald Trump secured concessions from the EU to avoid...
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