Sentiment Gets Hit Due to Trade Doubts and Yield Curve Inversion
The dollar rebounded and outperformed all but one of the other G10 currencies on Tuesday. The only currency that managed to resist the dollar’s strength, and actually gained somewhat against it, was the safe-haven yen. The biggest losers were the commodity-linked currencies AUD, CAD and NZD, with the former getting a strong hit overnight due to Australia’s worse-than-expected GDP data for Q3.
Following the boost in risk appetite due to the outcome of the Trump-Jinping meeting in Buenos Aires, the FX performance...
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