Forex news from the European trading session – 3 July 2020
Headlines:
Markets:
– NZD leads, GBP lags on the day
– European equities lower; E-minis down 0.1%

Castex will succeed Eduoard Phillipe, who resigned earlier today

European indices ease further, gradually extending losses on the session
There isn’t any fresh catalyst driving the moves here as European equities are sagging amid a more quiet and thinner liquidity session. The DAX is now down by 0.6% with other European indices also seeing similar losses as the risk mood tilts a little to the

The meeting is confirmed by a German government spokesperson
The two will be meeting in Berlin on Thursday next week. This is likely to iron out a possible compromise ahead of the EU summit that is due to take place on 17-18 July. Just keep your eyes and ears peeled in case we hear of anything

A little storm cloud starting to emerge over the ECB
Citing sources familiar with conversations with ECB officials, this could be the first major disagreement among policymakers that could threaten to undermine the PEPP stimulus in the coming months/quarters.