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US-China Comments Boost Risk Appetite, Eurozone CPIs Enter the Spotlight

JFD

Equities and risk-linked currencies gained yesterday, while safe-havens came under selling interest, as investors’ morale was boosted by relatively optimistic remarks with regards to the US-China sequel. As for today, the main item on the agenda may be Eurozone’s preliminary inflation data for August, where soft prints could add to speculation that the ECB would indeed proceed with a strong stimulus package in September.

Risk Assets Gain, Safe Havens Slide on Trade Talks Optimism

The US dollar traded higher against all but one of the other G10 currencies on Thursday and during the Asian morning Friday. It gained the most versus CHF, SEK, NOK and JPY in that order, while it lost some ground only versus CAD. Among the underperformers, the currencies that lost the least ground were AUD and NZD.

The weakening of the safe-havens and the strengthening of the commodity-linked currencies points to a risk-on trading environment. Indeed, major EU and US indices were a...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/us-china-comments-boost-risk-appetite-eurozone-cpis-enter-the-spotlight-20190830
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