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 FX Strategy
Summary: The dollar appears poised on a precipice as risk sentiment in emerging market assets rebounds. We look to EURUSD and NZDUSD as potential bellwether pairs for the dollar.