XE Market Analysis: Dollar Slips Despite Q2 Growth Revision

Comments are off

OVERVIEW

  • GBP supported by a slightly upbeat tone from the latest round of Brexit talks.
  • BoE Governor, Mark Carney, warns it is unable to cancel out a likely negative economic hit from Brexit.  
  • EUR recovers from 1-month lows, ECB members signal Q.E. reduction rather than an end.
  • Reserve Bank of New Zealand keeps rates on hold as expected.
  • Eurozone economic sentiment jumps more than expected to a 10-year high.

HIGHLIGHT