Sterling is trading little changed on the upside at around lower mid 1.3100s against the US Dollar as Trump’s anti-Fed policy verbal intervention from last Friday carried over into the last week of July ignoring the Mounting Brexit risks.
The US Dollar is trading down 0.5% at around 111.00 on Monday after the speculation of the Bank of Japan drifting its interest rate targets by modifying the yield-curve target to allow for the natural rise in long-term rates broke out ahead of the meeting scheduled for the last day of July.
The Euro is trading little changed on the upside being well anchored above 1.1720 against the US Dollar after the US President Trump verbal intervention against the Fed’s tightening policy. Although US Treasury Secretary Mnuchin reaffirmed...
Federal Reserve Governor Randal Quarles is scheduled to speak about financial regulation at the Utah Bankers Association Annual Convention at 15:00 GMT.