Forex focus on US – China Trade Tensions
In a quiet day in our trading calendar EURUSD traders will follow the Germany Q2 final GDP figures due at 6:00GMT. The France August consumer confidence and August business, manufacturing confidence will be released at 6:45GMT. EURGBP investors will focus on UK Finance July mortgage approvals due 830 GMT. ECB Vice President de Guindos will deliver a speech later today.
Japan’s Finance Minister Taro Aso in an interview noted the importance of a stable exchange rate. Japan Corporate Service Price (year over year) came in at 0.5% below forecasts of 0.6% in July.
Investors closely watch the latest developments on US – China trade war, Brexit news and Italian politics.
EURUSD is trading 0.03% higher at 1.1103, the USDJPY is 0.37% lower at 105.70 while the AUDUSD is 0.23% lower at 0.6757.