XE Market Analysis: Europe – Nov 15, 2019

The dollar and yen have traded softer amid a backdrop of risk-on positioning. The S&P 500 posted yet another record closing high on Wall Street yesterday, and futures of the index are up 0.3% in overnight trading. Most Asian markets have also gained, though Hong Kong and Chinese markets flagged. Signals from the U.S.-China trade front suggest a “phase 1” deal on tariff roll backs could be imminent. White House economic adviser Kudlow said yesterday that there had been “very constructive” talks, while China’s commerce ministry said earlier that “in-depth” discussions were ensuing.

Source: XE news feed
XE Market Analysis: Europe – Nov 15, 2019