NY Open: Twenty pounds of headlines
Markets started the day in a confusion of incoming news as ECB chatter met with trade talk updates and US macro data. EURUSD took it on the chin and dropped from 1.1270 to 1.1235.
Head of Editorial Content, Saxo Bank
Summary: Today's edition of the Saxo Morning Call features Saxo Bank Head of Commodities Strategy Ole Hansen, Head of FX Strategy John Hardy, and fixed income specialist Althea Spinozzi discussing the announcement of Italy's oversized budget, which has pushed BTP yields higher as it guarantees a showdown with EU leaders.