‘Trump talk trashes markets’ –
The greenback also came under pressure after New York Federal Reserve President William Dudley cautioned it would “take some time” for US inflation to reach the bank’s two percent target, the latest warning price pressures remain muted.
US producer prices Thursday disappointed, as traders await consumer price inflation later Friday.
However, market watchers said equity markets remained focused on the deepening geopolitical crisis, as angry threats from Washington and Pyongyang stoke fears of a catastrophic miscalculation with global consequences.
“Most certainly the market was hoping for some upbeat assessment from Fed Bill Dudley, but it’s silly to put the blame game on him when in reality the market attention was focused elsewhere,” said Oanda’s Stephen Innes.
“Not to mince views here, it was Trump talk that trashed the equity markets, nothing more nothing less.”