By Francesco Pesole, FX Strategist
Trade tensions are inevitably bound to remain the primary driver of market sentiment in the days ahead, but expect an eventful week in terms of Italian political developments, which may continue to fuel upside pressure on BTP rates.
USD: Trade tensions remain the primary driver
The week starts without major data releases and with thinner liquidity as some Asian markets are closed for a holiday. Trade tensions are inevitably bound to remain the primary driver of market sentiment in the days ahead, in particular after increasing speculation that the