- The selling pressure that drove the dollar lower yesterday has abated, and the greenback is paring yesterday's loss, though the dollar-bloc currencies are showing some resilience.
- EC negotiator Michel Barnier briefed ministers that the same three issues that have bedeviled the trade talks with the UK remain unresolved (fisheries, level playing field, and a conflict resolution mechanism).
- Emerging market currencies are mixed, leaving the JPMorgan Emerging Market Currency Index slightly softer after posting its biggest gain in a month yesterday (~0.7%).
For further details see:
Euro Rally Stalls While Brexit Concerns Trip Sterling