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: Federal Reserve chair Jerome Powell's remark that rates are just shy of the neutral range have prompted many market participants to forecast a more cautious tone from the US central bank.