Fed’s Clarida: Powell has said that some see room for more accommodative policies

The US Federal Reserve (Fed) Vice Chairman Clarida is back on the wires now, via Reuters, speaking in Helsinki at a conference on monetary policy and the future of the EMU, hosted by the Bank of Finland.

Key Headlines:

 Positive is negotiations between China and US resume.

The US economy is in a good place with low unemployment and inflation below objective.

Baseline outlook for US economy positive.

Uncertainties about this outlook have increased.

There's more uncertainty about trade negotiations, global growth prospects.

Powell has said that some see room for more accommodative policies.

AUD/USD retreats farther from 2-month tops, back below 0.70 handle

Having failed to capitalize on the initial gap to two-month tops, the AUD/USD pair met with some fresh supply and was now seen retreating farther belo
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EUR/USD falls further and tests lows near 1.1320 ahead of PMIs, ISM

The single currency remains on the back foot at the beginning of the week and is now dragging EUR/USD to test multi-day lows in the 1.1320 area. EUR/U
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