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A wider US trade gap...

Short
TVC:DXY   U.S. Dollar Index
A wider US trade gap allied to resilience in the Euro as the biggest single constituent of the Buck basket, has applied downside pressure to the DXY, but the Greenback also appears apprehensive in advance of the 1st televised head to head between current President Trump and Democratic challenge Biden – see headline feed at 15.32BST for primer on the event. Indeed, the index did not get any leverage or even a knee-jerk fillip from a spike in consumer confidence amidst ongoing caution from the Fed about the economic outlook via Kaplan and Harker, with the DXY dipping to 93.817 from a high of 94.298.

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