Morgan Stanley predicts continued USD weakness amid slowing growth and upcoming rate-cuts. US employment data alongside plenty of EU data this week will keep currency markets alive
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The USD tumbled, oil prices firmed, equity markets and US yields are mixed as Trump delayed EU tariffs. The USD dropped to its lowest level in almost two years after Trump's U-turn on EU tariffs increased market uncertainty, highlighting the President's volatile policymaking.
Read MoreWith the US and the UK announcing interest rate decisions this week, all eyes will be on the comments regarding Forward Guidance as economies and bankers react to the ever-changing global power-shifts
Read MoreUSD volatility brings instability, as headlines jolt FX markets
Read MoreChina’s COVID numbers helps boost EURO
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