The Greenback has appreciated modestly overnight to its highest level since July 19, the index (DXY) rose from 95.23 up to 95.52 on the back of on-going tensions between the United States and China. China has lashed out and said it would impose duties of 25%, 20%, 10% and 5% on U.S products worth more than $60bn that is if Trump was to follow through with further threats on Chinese imported goods.
We saw the largest move on the pound, GBP/USD moved off its 1.30 perch down to 1.2925 as comments by U.K officials 60 per cent chance of a no-deal Brexit. EUR/USD currently hovering around 1.1555, down a shade after the release of German Factory Orders, latest figures showed a contraction of 4% on a monthly basis in June following May's 2.6% expansion and fell short of analysts' estimate of -0.4%. USD/JPY rose slightly to 111.40 as risk sentiment improved.
In other news, oil was up a little overnight and gold was a touch lower.
Looking ahead, the economic calendar is light apart from the RBA in Australia interest rate decision, no change in the cash rate is what the markets are pricing in.