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A New Front on Trade Wars Will Test Risk Trends, Dollar
The US Dollar may regain upward momentum as worries about escalating trade wars spur haven-seeking capital flows in the week ahead. USD/JPY Breaks the June Bullish Trend Despite Continued Inflation Lag After spending the first half of June running higher within a bullish channel, USD/JPY broke-back down below the vaulted psychological level of 110.00, even as inflation remained below one-percent. GBP: Bullish Momentum Aided by Hawkish Bank of England The Bank of England kept its benchmark rate unchanged with a vote of 6-3 at its meeting this past week. In the week ahead, the EU Summit will bring the focus back to ... (full story)