Forex news from the European morning session – 24 June 2020
Headlines:
Markets:
– USD leads, NZD lags on the day
– European equities lower; E-minis down 0.9%

As confirmed by the Élysée Office
European Council meeting next month

Latest data from the Mortgage Bankers Association for the week ending 19 June 2020
–  +8.0%
– Market index 773.1 vs 846.9 prior
– Refinancing index 3,434.66 vs 3,891.5 prior
The drop in the past week largely stems from a fall in refinancing activity but purchases are also seen declining a little after the push to a fresh 11-year

Cable back to nearly flat levels as dollar gains wane a little
The risk mood in the market is still softer with European indices holding around 2% losses and US futures near 1% declines as we start to look towards North American trading.

According to a notice published by the USTR
The notice says that the US wants to impose new tariffs on European exports like olives, beer, gin and trucks, while also increasing duties on other products including aircrafts, cheese, and yoghurt, in a move that will add to trade tensions.