OVERVIEW
- Risk appetite recovers amid a calmer view of trade war risks.
- Stock markets rally strongly, European markets up over 2%.
- GBP under pressure from weak services data.
- EUR also under pressure from softer data.
- US trade deficit hits 9.5 year high.
HIGHLIGHT
The Dollar is rallying across the board today versus the Japanese Yen where it reached a 3-week high, bolstered by a rebound in global stock markets and signs of the US looking to resolve a trade dispute with China.