UDOW - U.S.-China Trade And Brexit Dominate Ahead Of FOMC Minutes
Overview: The US dollar is narrowly mixed against the major currencies, but the strongest currency today is the Chinese yuan, following reports that US wants China to keep the yuan stable and not offset US tariffs with currency depreciation. The second monthly decline in Japanese exports weighted on the yen. In the UK, another Labour MP left, while there is speculation that a few Conservatives may defect today. The focus in the US turns to the FOMC minutes from last month's meeting that saw a meaningful change in the central bank's rhetoric.
The steep losses