The Monday Mix: July 22 – 28, 2019
Headlines discussed at LNWM’s Monday morning briefing:
— The Federal Reserve is expected to lower US interest rates by 25 basis points this week, on concerns about economic growth.
— US business investment and orders for factory goods both rebounded significantly in June, after months of weakness.
— The US dollar hit a two-month high, driven partly by relative strength of US economy and interest rates vs. Europe and Japan.
— The Trump administration said it will not intervene in the currency markets to drive the dollar lower, potentially starting currency wars.
— The Bank of England is expected to remain neutral policy on interest rates, until the implications of Brexit deal (or no deal) are more clear.
— The Trump administration said it will not intervene in the currency markets to drive the dollar lower, potentially starting currency wars.
— The Bank of England is expected to remain neutral policy on interest rates, until the implications of Brexit deal (or no deal) are more clear.
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