US dollar was back on strong footing after the European Central Bank left their monetary policy unchanged. The interest rates are set to remain at their present levels at least through the summer of 2019.
At the same time, Trump’s deal with the EU has given the US the upper hand. From the data released, the dollar was unphased by the disappointments in Durable goods orders that rose by only 1.0% in June. Their Jobless claims also rose to 217k with 215k expected.
However, the much awaited event for the US for the week is yet to come. Their second quarter GDP with their Core Personal Consumption Expenditure comes out tomorrow.
And it was a quiet day for our Aussie Kiwi counterparts….