The dollar is looking mixed against the euro and the pound this morning, as an inversion in US bond yields raised fears of an impending recession, especially as it’s a much larger movement than the dip two weeks ago.
Concerns over the US-China trade dispute and its effect on the global economy continue. Despite President Trump saying that there had been a telephone call between the two nations which suggested that talks could be re-opened, Beijing have insisted that they received no such call.
Meanwhile, the Federal Reserve have rejected calls to consider politics when making policy decisions. This occurred after one of its former top officials called for the Fed to consider the economic risks of Trump’s potential re-election.
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