Markets relatively quiet ahead of G-20 trade talks
June 27, 2019
"It does not matter how slowly you go, so long as you do not stop."Confucius
June 27, 2019
EUR/USD 1.1364 GBP/USD 1.2670 USD/CAD 1.3112 AUD/USD 0.7003 USD/JPY 107.82 USD/CNH 6.8746 USD/ILS 3.5735 USD/MXN 19.1790 USD/CHF 0.9776 USD/INR 69.0750
The dollar gains ahead of President Trump’s meeting with China’s Xi Jinping at the G20 conference in Osaka on June 29. Investors will pay close attention to any developments as trade tensions continue to drive markets.GBP
Sterling is little changed after Boris Johnson softened his Brexit rhetoric, saying the chances of the UK leaving without a deal are “a million to one”. The former foreign secretary added that holding a general election before the October 31 exit date would be “absolutely crazy”.EURThe euro is slightly weaker following disappointing eurozone confidence data. June inflation numbers released tomorrow for the bloc is expected to be light and could cause the common currency to drift away from its three-month highs seen Tuesday.CAD
The loonie is stronger this morning after touching four-month highs yesterday. US-Iran trade tensions remain relevant by keeping oil prices propped. Markets will look for Canada’s GDP print released tomorrow.ASIA/PACIFIC
The Chinese yuan and stocks edged slightly higher today ahead of the G20 Summit meeting where Xi Jinping and Donald Trump will further discuss US-China trade issues. The yen nears a one-week low waiting on the pivotal US-China trade talks.
After reaching a two-week high, the Australian dollar continued its rise an additional 0.1%.
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