After the US/Russian deal to remove chemical weapons from Syria we have also seen news that Larry Summers has dropped out of the race for the Fed Chair.
Michael Hewson considers how this affects the current outlook in financial markets ahead of the September FOMC meeting which is expected to see tapering.
- DAX 30 gaps higher on Summers news and improving Portuguese data
- EUR/GBP – Break below £0.84 is seeing the pound strengthen
- USD/JPY – Long dollar positions coming under pressure ahead of FOMC
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Video content by Michael Hewson of CMC Markets.
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