Spain Industrial Output Cal Adjusted (YoY) below expectations (1.7%) in May: Actual (1.6%)

Jul 5, 2018

US Dollar hits over 1-week low, risks breaking below 94.00 handle

• US-China trade war fears kept exerting downward pressure on Thursday. • Fed rate hike prospects/ uptick in the US bond yields helped limit

• Broad-based USD weakness helps reverse an early dip to 0.7362. • Trade-tensions/falling copper prices keep a lid on any strong up-move.