Free Trial

Trump stole the headlines over the weekend....>

FOREX
FOREX: Trump stole the headlines over the weekend refusing to sign the G7
communique triggering a round of diplomatic jousting, with US policymakers
focusing on what they deemed to be a "dishonest" Canadian PM Trudeau. USDCAD
traded above 1.3000 early on, but the pair is off of highs, well below the
figure.
- Elsewhere Trump sounded upbeat as he arrived in Singapore ahead of Tuesday's
US-North Korea summit, stating that he would know within 1 min if Kim was being
genuine. NK media stated that the summit will discuss a permanent, firm peace
regime & de-nuclearisation of the Korean peninsula.
- The weekend also saw Switzerland vote against the Vollgeld initiative.
- The early USD/safe-haven strength has faded, with JPY now underperforming the
USD and the DXY lower on the day.
- Monday holds a limited docket, with UK activity data dominating. Fed, ECB &
BoJ MonPol decisions come later this week, as does US, UK & EZ CPI and Aussie
labour market data. It's a big week for Brexit with the Commons set to vote on
the EU withdrawal bill & Brexit Sec Davis set to meet with EU's Barnier.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.