Currencies Calm Even As Pound Slumps On Labour Market Cooling
The greenback is edging higher against most of its advanced-economy counterparts, but traders remain cautious as they await tomorrow’s inflation release, Thursday’s long-dated Treasury auction, and any substantive breakthroughs in US-China trade negotiations. North American equity futures are little changed, yields are inching lower, and all major currency pairs – other than those involving the British pound – are stuck within incredibly-tight trading ranges as the data calendar slows and the Federal Reserve’s blackout period remains in effect, leaving markets to trade on shifts in broader sentiment. The pound is the lone exception to the sense of calm* after selling...