White House Econ. Advisor: Fed’s ‘gradualist approach’ is good

Additional comments from Larry Kudlow, director of the U.S. National Economic Council, is crossing the newswires as he is speaking in an interview with CNBC's Mad Money.

Key quotes (via LiveSquawk)

  • Fed’s ‘gradualist approach’ is good. The bank is independent.
  • Recent trade negotiations with China have stalled.
  • EU’s Juncker to bring ‘significant trade offer’ to Pres. Trump next week.
  • No recession in sight ‘right now.’

AUD/USD bounces off two-week lows, now around 0.7365 level

   •  A modest USD retracement helps ease the bearish pressure.     •  Disappointing US housing market data prompts some short-covering. The AUD/USD
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EUR/USD bounces off lows, back around 1.1630

After testing the boundaries of the 1.1600 critical support, EUR/USD appears to have met some dip-buyers and it has now regained the 1.1630 region. E
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