XE Market Analysis: Europe – Jul 18, 2019

The Dollar has traded softer amid a reappraisal for the chances of the Fed entertaining an outsized 50 bp rate hike at the upcoming FOMC meeting, which has been concomitant with a WSJ report suggesting that trade negotiations between the U.S. and China are at a “standstill.” This was followed by fresh evidence of the impact that trade tensions have been having, with Japanese trade data revealing a worse-than-expected 6.7% y/y contraction in exports, which have shrank for seven straight months now.

Source: XE news feed
XE Market Analysis: Europe – Jul 18, 2019