, a barometer of Sino-U.S. tensions, barely moved from a one-week low hit last week - highlighting the caution underpinning traders' outlook. [CNY/]
“I think the dollar is settling in to a broad trading range waiting to see how all these macro uncertainties play out.”, the U.S. currency sat more or less in the middle of a range it has kept since April, at 107.10 per dollar. It was marginally softer against a basket of currencies=USD.GBP= The Bank of England’s chief economist Andy Haldane did not rule such a move out in an interview with the Telegraph newspaper published on Saturday.The depth of the economic damage already wrought by the coronavirus pandemic is also becoming plainer just as rising trade tensions obscure the outlook.
Purchasing Managers’ Index surveys due across major economies later this week offer the next insight into the outlook.
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