The big news over the weekend:
Since then:
- Germanys Merz will work closely with Macron, von der Leyen to resolve trade ahead of Aug 1
- EU extends pause on US trade retaliation to allow more talks
The USD opened with a small gap stronger that was soon reatraced.
US equity index futures, on the other hand, opened with a small gap weaker and have not recovered.
EUR has risen higher, around 1.1695 vs. the USD while USD/JPY is down around 147.00.
AUD and Kiwi are dropping away:
Mixed performance.
Apart from what has already been posted there is no fresh news nor data.
China trade data is still to come:
This article was written by Eamonn Sheridan at www.forexlive.com.