Wednesday, July 12, 2017

The trigger of the broad USD downmove was perhaps due to the release of the emai





Global Markets Daily
by Saktiandi Supaat


FX Research





The trigger of the broad USD downmove was perhaps due to the release of the emails by Donald Trump Jr., revealing how keen he was to be informed of “incriminating information” on Hillary Clinton by the Russian. Equities made a sharp retreat at the revelation before making an eventual recovery to almost flat by close for most benchmark indices. The USD on the other hand, remained weighed by Fed Brainard’s comments overnight. She advocated reducing the Fed U$4.5trn balance sheet but ...

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