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Forex Today: Dollar in trouble of optimism surges

1 month ago   |   By FXCM

Here is what you need to know on Wednesday, June 24:
Risk-on and a subsequent dollar's slump was the theme of the day. The trigger was comments from White House trade adviser Peter Navarro, who implied that the US-China trade deal had fallen apart, although he quickly rectified his words. US President Trump rushed to Twitter to save the day and stated: “The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!” Mid-Tuesday, White House economic adviser Larry Kudlow reiterated that the trade deal with China was intact.
Markit released the...
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