The Friday plummet in 'risk' is extending in early Asia trade.
The higher USD (a little higher) was noticeable earlier and that's carrying on.
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USD is higher at the start of the new week
- Oil is higher, US equity index futures are (a little) lower, dollar is bid
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- What are the main events for today?
- UK Q1 preliminary GDP +0.6% vs +0.6% q/q expected
- UK March monthly GDP +0.3% vs -0.2% m/m expected
- FX option expiries for 14 May 10am New York cut
- Heads up: It is a holiday in some parts of Europe but markets will still be open
- The show has begun in Beijing as Trump exchanges pleasantries with Xi
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