020 7898 0500The US dollar dipped yesterday ahead of a trio of significant events on Thursday.
US Treasury yields slipped and investors piled into low risk bonds on worries linked to the UK general election; the ECB’s policy meeting; and former FBI Director James Comey’s testimony before a Senate panel are all scheduled for tomorrow.
Comey, who Trump fired in May, will be grilled by the Senate Intelligence Committee on whether the US President tried to get him to back off an investigation of alleged ties between his 2016 campaign and Russia. The potential impact for Trump and some of his senior advisers from the affair have added to market doubts over the administration’s ability to deliver a promised boost to growth and weighed on the dollar.
Today sees US crude oil inventories in the afternoon, but all eyes are understandably on Thursday’s events.
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