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
Summary: A new month and a new beginning kicks off for markets today. Saxo's strategists explain why the Chinese yuan has finally moved higher as the dollar weakens, why stocks are in an upbeat mood and why crude oil is stuck in a negative rut.