Evans in Chicago Similar comments from a speech Evans made on Tuesday, where he said he sees no risk of breakaway inflation. He will answer questions from the audience and media later.
Canadian dollar slumps The Canadian dollar is lower for the third consecutive day after disappointing data on retail sales and inflation. That has pushed USD/CAD to the best levels since April 8.
Russia told US about red line areas This just out on Reuters Russian Foreign minister says that before US strikes Russia told the US which area of Syria were ‘red lines’ for Moscow. These red line areas were places that the US couldn’t target. Russian minister confirms that these red lines were not crossed.
Post on an overnight client note from Morgan Stanley is here for earlier: A bit of a different take on the currency, this time from Credit Agricole writing overnight:
G20 current account imbalance must be addressed by multilateral, not bilateral framework Aso speaking in Washington more: Aso met Hammond a good while ago, probably gave him some tips on depreciating the currency.
China’s Commerce Ministry has said it will extend anti-dumping measures on pulp from the US, Canada and Brazil Earlier trade news:
MS say they “maintain strategic short in AUDUSD, looking for a meaningful downside correction” This from an overnight note: After a string of positive surprises in 2017, the March employment data indicate a deceleration in employment growth during 1Q18.
Reuters headlines and report: – US sorghum fleet makes u-turn hours after China retaliates against US tariffs – Five US sorghum vessels out of at least 20 bound for China change course after Beijing says shipments will require hefty deposits Trade tensions not going away …
A vexing problem: solving the Irish border issue before 2019 Although Brexit negotiations have become more constructive recently , with the tone having softened between the UK and the EU, there is one painful thorn in the side of these negotiations.. That is the issue of what happens to the Irish border after Brexit.