Morning Report: 07.00 London
The Canadian dollar is the top performer, boosted by the news of a new US, Canadian and Mexican trade deal. The Canadian dollar has jumped higher, with the USD/CAD dropping to below 1.2850. The Canadian dollar is making even bigger gains against the likes of the pound and euro.
The euro remains under pressure, with the EUR/USD dropping below 1.1600 after failing at 1.1750 last week. After days of gains, the EUR/CHF is on the back foot as the Swiss franc finally finds buyers. The EUR/GBP is unchanged however.
The 1.3000 level is holding for the GBP/USD for now as the pound beats to the dollar’s drum.
The Aussie is also lower, but with a softer decline as the 0.7200 level holds.
The US dollar continues to make gains against the yen, with the USD/JPY challenging 114.00 level.
Coming up today
At 07.00, we have German retail sales at 07.00.
At 09.30, we have UK manufacturing PMI, released alongside net lending to individuals.
FOMC member Bostic is at 14.00.
At 15.00, we have ISM manufacturing PMI.
The dollar continues to beat all comers, especially the yen, with the USD/JPY challenging 114.00.
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