NY Open: 'To vote or not to vote...'
The greenback gained against the G10 majors, thanks in large part to the woes of sterling, which developed the attributes of a lead balloon as the Brexit crises became deeper still.
The global economic situation has de-synchronised with a US- and USD-centric trend taking its place. Meanwhile, the European economic situation has deteriorated. While these developments, combined with an incipient trade war, may appear incredibly gloomy, China holds a few key cards that may enable it to keep things from hitting new lows.
Saxo Bank's Quarterly Outlook for Q2 is here, with expert insights and trading themes from our team of strategists. Get your copy here.