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: We have seen some 'very ugly markets overnight', reports Saxo Head of FX Strategy John Hardy, following the arrest of Huawei's CFO in Canada for extradition to the US.