In early trading in Europe today, the dollar climbed higher amid a generally steady and quiet market as the focus now shifts to Fed Chair Jerome Powell’s speech.
Investors are growing increasingly pessimistic about Germany’s economic outlook, after the ZEW report, which measures investor confidence, worsened for a fourth straight month.
Overnight, financial markets all around the world fell due to increasing pressure and concern surrounding the US-China trade dispute.
The pound has come under renewed attack on the increasing fears of a ‘hard’ Brexit, which led to its fresh 28-month low. U.K Prime Minister Boris Johnson has ramped up preparations for a no-deal withdrawal from the EU, with around three months remaining.