What you need to know about Tuesday, July 23
Publish Date : 2019/07/23 - 07:31

What you need to know about Tuesday, July 23:


Currencies:

US dollar hit weekly tops vs. main rivals.

Asian equities cheered the prospect for Fed, ECB easing.


USD/JPY advanced beyond 108.00


Kiwi slipped as RBNZ considers working on unconventional policy/ QE strategy while RBA’s Kent said its highly unlikely to need QE.


Cable pressured; Boris Johnson set to become next UK PM as Conservatives to announce new leader.


Politics:

Trade: US negotiators to visit China next week for first face-to-face trade talks since G20.


Commodities:

Oil prices traded modestly flat amid UK-Iran geopolitical tensions.


Gold fell on dollar strength, higher Treasury yields.


Cryptocurrencies remained under pressure. Bitcoin held above the 10k handle.


Source: Fxstreet

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