After the US Dollar was on the back foot amid optimism for a US-Chinese trade deal, the focus shifts to the UK with the all-important Brexit vote in a busy week that features other top events. Here the highlights for the next week.
The US and China reported progress and reports came out saying Trump wants a deal. The advance in stock markets, already buoyed by Powell’s dovish words, sent money away from the safe-haven US Dollar and Japanese yen. the greenback got a further boost when FOMC member Bostic opened the door to a rate cut. Moreover, the meeting minutes were dovish, calling for patience on raising rates. Concerns about a … (full story)