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US dollar weaker on Hong Kong, UK and Italy’s positive news

The US dollar is weaker today on the back of positive developments in other parts of the world. As Phil Dobbie discusses with NAB’s Tapas Strickland, the unrest in Hong Kong could be easing, a no-deal Brexit might be avoided, and Italy’s government is settling into place. Add Australia’s GDP numbers yesterday, that weren’t as bad as expected, and you can see why the US dollar is weaker. Equities are much higher too, with one Fed member back to talking-up a half percent rate cut. It sounds like all President Trump’s wishes come true.

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