Currencies Are Nervous, Stocks Don't Care

We come into Thursday with risk correlated FX under pressure, clearly feeling the stress associated with renewed uncertainty around the US-China trade deal outlook.

We come into Thursday with risk correlated FX under pressure, clearly feeling the stress associated with renewed uncertainty around the US-China trade deal outlook. We’ve since seen a softer round of economic data out of China and a disappointing employment report in Australia, that shouldn’t be doing anything to prop investor sentiment either.

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