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Markets roiled as Trump impeachment risk......>

FOREX
FOREX: Markets roiled as Trump impeachment risk escalates
-Risk appetite splintered Wednesday, prompting an impressive rally in the
greenback to three week highs as impeachment risk escalated. The White House
released a 'rough' transcript of Trump's conversations with the Ukrainian
President, in which Trump asked Ukraine to work with his team to investigate
former VP Biden. The DXY rallied to touch 98.978, just 0.4% shy of the
multi-year highs printed in early September. Despite the currency move, equities
rallied, as traders clung to comments from POTUS that a China trade deal could
be struck 'sooner than you think'.
-Markets welcomed the return of UK lawmakers to Parliament by selling off GBP
sharply, which was the poorest performer in G10. Political instability looks
here to stay as the PM continues to seek backing for a General Election.
-US tertiary GDP for Q2, August trade balance, weekly jobless claims and pending
home sales are the highlights on the data calendar Thursday. Speeches are due
from Fed's Kaplan, Bullard, Clarida, Barkin and Daly, BoJ governor Kuroda, ECB
President Draghi, and BoE's Cunliffe in a busy schedule.

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