EU's Hogan: Had ‘very good’ talks with USTR Lighthizer

In addition to his previous comments, the European Union (EU) Trade Commissioner Phil Hogan was out with extra remarks off-late and said that he has ‘very good’ talks with the US Trade Representative (USTR) Robert Lighthizer.

Key quotes

Had ‘very good’ talks with USTR Lighthizer.

Bloc wants to ‘deepen’ economic ties to the US.

EU plans to retaliate with tariffs over Boeing aid.

FX implications

This could add to the market’s trade optimism and further weigh on the safe-havens. Even so, USD/JPY and Gold are mostly unchanged by the press time to 110.15 and $1,558 respectively.