Author: DorieFallis9714

Strong inflation and retail sales data failed to reverse USD’s weakness. In the major currency universe, British pound and the euro were the best performers last Friday. GBPUSD jumped to the highest level since June 2016 amidst breakthrough on Brexit talks. Media reported that Finance Ministers of Spain and the Netherlands have agreed to support a Brexit deal which would keep the UK as close to the EU as possible.

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Sterling and Euro Jumped amidst Breaking of Political Deadlocks

Financial markets begin the week in a risk-off mode, as investors assess the impacts of North Korea’s 6th nuclear test over the weekend – launching an advanced hydrogen bomb for a long-range missile. The South Korean government earlier today expressed concerns over the geopolitical tensions’ impact on the real economy, pledging to implement contingency policies to stabilize the economy if needed.

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Another Nuclear Test in North Korea Rattles Financial Markets