US FX Handover: North American Tariff Truce, China Trade Talks Remain in Flux
Matt Weller, CFA, CMT May 17, 2019 4:02 PM
See a summary of the top FX themes and trends from today's US session!
- The University of Michigan consumer sentiment reading surged to 102.4, its highest reading since 2004.
- The US, Canada, and Mexico reach an agreement to remove last year’s tariffs on steel, aluminum, agricultural commodities and consumer goods, making the loonie to the strongest major currency on the day. Trade talks between the US and China remain in flux.
- The pound was the weakest major currency today as Euroskeptic members of Theresa May’s own party tell her to resign now.
- See the key themes and events we'll be watching in the week to come.
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