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.
FX Trader, Loonieviews.net
Summary: Like European Central bank chief Mario Draghi, the International Monetary Fund remains unwilling to call a European recession, but its latest outlook still sees a slowdown on the near horizon.