US Open Preview – Pound holds bearish move despite upbeat Services PMI; loonie rebounds ahead of BoC rate decision
Posted on September 5, 2018 at 11:55 am GMTHere are the latest developments in global markets: FOREX: The US dollar was moving sideways versus a basket of six major currencies on Wednesday as worries remain that the US President Donald Trump may soon restart a trade war with Beijing by imposing tariffs on more Chinese imports as early as tomorrow. Dollar/yen edged up by 0.12% but remained below its intraday high of 111.71. Turning to the euro area, the final German Markit services PMIfor the month of August was revised down to 55.0 compared to the 55.2 in the preliminary estimate, [..]