Renewed focus on trade tensions weighed on market sentiment – TDS

0

Analysts at TD Securities explained that a renewed focus on trade tensions weighed on market sentiment after the US detailed another $200bn of Chinese imports targeted for tariffs. 

Key Quotes:

“The S&P 500 ended the session down 0.7%, mirroring the decline in the TSX.”

“Treasuries saw little change while the Canadian curve flattened modestly following the BoC decision.”

“The USD saw a broad rally against G10 FX with DXY (+0.6%) posting its largest rally in two weeks. Antipodeans led the pullback (AUD, NZD: -1.2%) amid the focus on US-China trade while CAD’s (-0.7%) post-BoC rally was short-lived with oil prices in freefall (WTI: -5.0%, Brent: -6.2%).”

“The BoK, ECB minutes, and US CPI are the highlights of the data calendar for Thursday.”

Get the 5 most predictable currency pairs

About Author