XE Market Analysis: The Market Prefers the Mild Flavour of Safe Haven Currencies to Spicy Trade Tensions

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OVERVIEW

  • The US Dollar is struggling to hang onto recent gains near a 24-month high against the major currencies.

  • Soft PMI reading puts the Euro under pressure, down by 0.4% on the day

  • NYMEX WTI crude drops below $60 a barrel with trade tensions applying the brakes to the global economy