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Germany’s Altmaier: Economy has deteriorated, but not in recession

Germany’s Economy Minister Altmaier came out on the wires last hour, via Reuters, noting that the economy has deteriorated, but not in a recession.

  • German IFO Business Climate Index rises to 94.6 in September, EUR/USD stays below 1.10

EU’s Barnier: No reason for optimism that EU and Britain can find solution to question of Irish backstop

With markets eagerly awaiting the UK Supreme Court ruling on UK PM John’s parliament proroguement, the EU Chief Brexit negotiator Barnier came out on
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USD/JPY expected to remain sidelined near term – UOB

In opinion of FX Strategists at UOB Group, a top should be in place and USD/JPY should now move into a consolidative phase. Key Quotes 24-hour view: “
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