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Greenback Stabilizes
Two sets of talks have riveted attention, and both appeared to have made progress yesterday. After some words, the EC, recognizing the importance of UK sovereignty, UK Prime Minister Johnson signaled a resumption of trade talks. In the US, Pelosi and Mnuchin appear to be on the verge of a deal. The dollar is consolidating yesterday's losses. Equities are lower, and benchmark yields are little changed. Sterling, which jumped 1.8%, the most in seven months, stalled near $1.3180, is softer today, as are most of the majors, but the New Zealand and Canadian dollars are slightly firmer. Most bourses in the Asia Pacific ... (full story)
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- Oct 22, 2020 6:45am Oct 22, 2020 6:45am
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