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.
Senior Editor, Saxo Bank Group
Summary: Today's edition of the Saxo Morning Call features Saxo Bank Chief Investment Officer Steen Jakobsen, Head of Forex Strategy John Hardy and Head of Commodity Strategy Ole Hansen, discussing the latest market developments including China's cut of the reserve requirement, its third such move this year.