Donald Trump moved to set a more realistic tone regarding this week’s summit with North Korea by lowering the expectations of what can be achieved. Trump and Kim Jong-un are preparing to meet for a second time this week, but there are no signs of concessions from Pyongyang.
Trump has told governors that he is happy with the situation provided that North Korea continued its pause in weapon testing. He also said he saw ‘eye to eye’ with Kim. There has been talk that further meetings could be needed before real progress can be said to have been made.
Tomorrow we have the CB consumer confidence reading and Federal Reserve Chair Jerome Powell is set to give a testimony. On Wednesday we will see factory orders for December.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
