Major FX little changed after Trump guilty verdict

  • Trump is the first ever US President to become a convicted felon

In brief:

  • First American president to be convicted of a felony
  • Guilty on all 34 counts of falsifying business records
  • Case centred on hush money payments to porn star Stormy Daniels
  • Trump will be sentenced on July 11 at 10am ET.
  • Four days later, the Republican National Convention begins.
  • Potential sentence: From nothing to up to 4 years in prison

Major FX rates are little changed on the hot news item.

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