After big gains on Wednesday, the US Dollar is almost flat on the day, as Thursday’s European session gets under way. The main driver for yesterday’s gains was of course hopes on the trade front, following President Trump’s declaration that a resolution to the trade conflict may be within sight. The timing for the announcement couldn’t have been better, from a markets perspective: Investors were getting nervous, not knowing how to react to news that the US congress is seeking to impeach the US President.
Photo by Is D Avalonia.
Today the indecision appears to be back, as illustrated by the Dollar’s flatness; after yesterday’s positive reaction, the markets go back to digesting the impeachment and trade news.
