A hawkish Fed and a dovish European Central Bank gave the edge to the USD this week. Donald Trump scored diplomacy points in Singapore by North Korean leader Kim while trade war fears are once again at the forefront as the Trump administration announced new tariffs on Chinese goods on Friday.
Prepare for an eventful week! The Fed will kick off its June 2-day FOMC meeting on Tuesday and is expected to announce a 25 basis points rate hike. The same day President Donald Trump will be in Singapore for the much-anticipated meeting with North Korean Leader Kim Jong Un. Simultaneously, U.K. Prime Minister, Theresa May, will ask her party to overturn changes to the E.U. withdrawal bill.