FX Markets: This week has so far seen central banks making headlines on the markets.
The dollar finished Monday on flat trading after the lack of any important updates regarding the US-China trade talks.
Britain saw its currency rise against the greenback as hopes of a smooth Brexit flared up on Monday.
Chinese comments on Friday boosted risk appetite among FX market traders.
American – US and China stayed quiet as both countries finalized the trade talk’s Phase One agreement.
British – Uneasy predictions from last week came to life as the British pound fell against its competitors.
Minister – Justin Trudeau started his second term as the Canadian Prime Minister with the minority Liberal government.
Canadian Loonie – The Canadian loonie lifted when the country’s election results tilted to Justin Trudeau’s favor.
UK Currency: The UK currency jumped up 0.04% against USD at 1.2976 on Monday.
Parliament – When the UK Parliament declined the Brexit plea the GBP/USD was 0.4% lower than USD.
TRY USD – After posting a 10-day high, TRY USD leaped nearly 1% to 5.78126.
American – USD/CNY gained 0.29% when the US passed legislation to show American support for pro-democracy protesters in Hong Kong.
Parliament – The British Parliament drew breaths as the UK pound pushed past the dollar and euro on reopened Brexit possibilities.