One day before the official signing of the US-China phase 1 trade deal, the USA lifted its “currency manipulator label” against China.
Today, the European Commission is expected to unveil its financial plan that would support the shift to green, net-zero CO2 economy. The more ambitious the plan, the more it could support long EUR positions during the day.
Macro releases: Yesterday’s UK macro releases were disappointing, as it has been forecasted in our older posts sending GBP lower. Later today, the economic calendar includes US inflation (CPI and core CPI readings).
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