Steady bids continue to support US equities but US dollar bounces ...Middle East

The S&P 500 has stretched to a fresh session high, up 0.3%, while the US dollar appears to have found a short term bottom. USD/CAD and USD/JPY have both climbed about 50 pips from the lows.

There isn't a great deal to mull over today but economic data this week so far has indicated that the Federal Reserve may have more room to ease than believed. That said, so much of the outlook for the remainder of the year hinges on US trade and fiscal policy.

This article was written by Adam Button at www.forexlive.com.

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