USD weak; further rate cuts foreseen

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With global economic situation waking up perpetually on the wrong side of the bed, and the Brexit uncertainty remaining to be in the cards, the USD is caught in somewhat a modest weakness.

Amidst the threat of more interest-rate cuts, from the international central banks, a resolution to the already dragging U.S.-China trade war had been supportive of the recent rally in the global stock markets. This had pressed its weight on the USD's supposed safe-haven status.

Adding to the drama, the U.S. economy had showed signs of slowdown, thus motivating the Federal Reserve to provide support through further interest rates cuts.

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