The markets are calm and ignore the successful conclusion of the conversations between the US and China, observing the result with a certain degree of skepticism. The negotiations have produced a framework to implement the details of an agreement that had previously been agreed in May, says Shaun Osborne, Strategist of Scotiabank’s currency.
Usd calm in general with considerable risk in the publication of the CPI at 8:30 am et
“The currencies remain quiet in the most part, with the MXN exceeding the changing expectations about the perspective of the Banxico and its movement towards a less moderate posture. Meanwhile, the Aud and the NZD are low performance with modest falls, maintaining losses resulting from the headlines of the early Asian session related to the trade and the news that the Court of Appeals of the US had failed in favor of the US Tariffs of the US administration.
“The market tone in general is also calm, since the futures of US shares are consolidated just below the new local maximums on Tuesday, while the 10 -year bonus of the US From the minimum of April/May. April.”
“The focus for Wednesday’s na session will focus on the publication of the US CPI at 8:30 am et with expectations of a modest increase in both the general and underlying CPI. It could generate a considerable reaction (bullish) of the USD if the publication surprises up.
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.
