The USD bounces after a series of losses, the MSCI All country World index achieved a historical maximum and the yields of the global bonds are rising, BBH currency analysts report.
Global actions reach a record as tariff conversations advance
“The optimism on the trade agreement has enhanced risk assets. Yesterday, the media reported that the US was close to an agreement with the EU that would establish a 15% tariff for most products. This would be a 30% threatened reduction if both parties fail to reach an agreement before August 1.”
“The USD can find additional support in the short term if the US Global PMI of the US S&P points to a faster growth impulse in the private sector (9:45 am New York, 2:45 PM London). It is projected that the compound PMI is 52.8 compared to 52.9 in June, the services sector is expected to be 53.0 compared to 52.9 in June, and it is expected that the Manufacturing is 52.7 compared to 52.9 in June.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
