The dollar is in the lead over major currencies
During the European trading session the major currencies traded in negative territory against the US dollar. Japanese yen one acts as a protective asset. The British pound and the leaders in the decline. Due to this, the Euro received a temporary boost from the cross-pair EUR/GBP. The pound fell from 1,3175 to 1,3094 (-81.), EUR/GBP rose from 0,8489 to 0,8552 (+63п.), the Euro traded at 1,1197.
The yen has strengthened and is trading on the upside amid the flight from risk. The interest in risky assets fell after the President of the United States Donald trump has threatened to raise tariffs on Chinese imports. An American journalist wrote in his Twitter that the Vice-Premier Liu Heh because of this refused to go on negotiations.
The Ministry of foreign Affairs of China said that the negotiators are preparing for a trip to the U.S. for trade negotiations. China hopes that the US will be able to meet them in trade negotiations. The degree of intensity has declined, but investors still fear of escalation of the trade conflict. I stick to the morning forecast on the decline with the target 1,1156.
Analyst of information and analytical center “Alpari”