Gold up $89 to $3423WTI crude oil up $1.98 to $59.12US 10-year yields down 3.7 bps to 4.31%S&P 500 down 0.8%JPY leads, USD lags
The market is getting increasingly anxious about the lack of US trade deals or even any real parameters about what's coming. We did get a fresh leak today about the UK but it appears to be limited to autos and steel.
Bessent said they weren't talking with ChinaTrump in his meeting with Carney indicated that the US will dictate trade deals to others
To balance that, Trump talked about the importance of a friendly relationship with Canada so it all wasn't bad news.
Late in the day, we're getting some Indian strikes on Pakistan and with one nuclear-armed country shooting at another, that could further add to gold and yen bids.
The euro got some bids as Merz made it though on the second vote but it was a fleeting pop, as it as widely expected. The euro did manage to string together a nice gain but it was largely in line with GBP and the overall USD move.
This article was written by Adam Button at www.forexlive.com. Read More Details
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