Transcription of GLOBAL FX STRATEGY | DAILY FX UPDATE
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GLOBAL FX STRATEGY | DAILY FX UPDATE
GLOBAL FX STRATEGY | DAILY FX UPDATE . Tuesday, July 10, 2018. FOLLOW US ON TWITTER USD Recovers But Range Trading Persists Shaun Osborne USD reverses Monday's losses in quiet trade. Inflation data awaited. Chief FX Strategist CAD softer ahead of BoC decision but underlying fundamentals are positive. EUR slips back to , focus on ECB comments today. Eric Theoret, CFA, CMT. GBP volatile on domestic politics yesterday, should steady now. FX Strategist JPY softer as risk sentiment remains positive, USD tests AUD softens on broader USD rebound. MXN little changes after USD rebounds from area. FX Market UPDATE - The GBP's slide on domestic political concerns yesterday provided a bit of a lifeline for the broadly softer USD. The big dollar reversed broadly and is trading higher again versus its G-10 peers this morning. Movement is fairly limited, however, and broadly positive risk sentiment equities are mainly higher and major bond markets are modestly softer amid calming (for now, at least) trade fears are weighing on the JPY (under-performing broadly again).
2 GLOBAL FX STRATEGY | DAILY FX UPDATE Monday, July 30, 2018 GBPUSD (1.3113) • GBP is quietly consolidating around 1.31 and attempting a modest stabilization near the midpoint of its one month
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