US FX Handover China Has No Trust in Mild Signals from US on Trade

feature image

  • Economic Advisor Kudlow stated that “we’d like to go back to where we were a month ago” on US-China trade talks, though Chinese state media said that China has “no trust in the mild signals” that the US has sent so far.
  • US PPI came in at +0.1% m/m (+1.8% y/y), a tick below expectations. Tomorrow’s US CPI report will be a key release in setting expectations for whether the Fed may cut interest rates either next week or at its July meeting.
  • The pound was the strongest major currency today; the New Zealand dollar was the weakest.


Related tags: forex

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Live Trading Webinars

Our interactive webinars, led by our industry experts, come highly recommended and can help provide your trading with the edge it needs.
Economic Calendar