Forex news from the European trading session – 10 June 2020
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities a little lower; E-minis flat

Comments by UK prime minister, Boris Johnson
– Wants to reopen hospitality as quickly as possible, but no earlier than 4 July
– Aiming to reopen pubs and cafes on 4 July
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The dollar keeps weaker ahead of the Fed
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The franc is a notable gainer, and is posting decent gains of around 1.7% against the greenback so far this week after SNB sight deposits for the first time since January – in a sign that the SNB is relaxing

Comments by ECB executive board member, Isabel Schnabel
Nothing that stands out all too much but this just further reaffirms that the ECB will adjust its PEPP stimulus accordingly as it sees fit to manage the economic recovery. While most members are insisting this will be temporary, the fact that the recovery could take a while

Latest data from the Mortgage Bankers Association for the week ending 5 June 2020
–  -3.9%
– Market index 784.5 vs 717.7 prior
– Refinancing index 3,529.0 vs 3,166.7 prior