An update on US politics:
- Deputy Attorney General Rod Rosenstein told President Donald Trump last week that he isn't a target of any part of Special Counsel Robert Mueller's investigation or the probe into his longtime lawyer, Michael Cohen, according to several people familiar with the matter.
That is via Bloomberg - more here
And, this:
- Former New York mayor Rudolph W. Giuliani, a combative former prosecutor and longtime ally of President Trump, told The Washington Post on Thursday that he has joined the president's legal team dealing with the ongoing special counsel probe.
More on that at the link: Giuliani says he is joining Trump's legal team to 'negotiate an end' to Mueller probe
Robert Mueller
Politics, eh?
I reckon the big, big news overnight was Carney (BOE's Carney comments send the GBP tumbling lower) .... which got a lot of coverage, and this, which has not got quite so much coverage at all:
- April Philly Fed ... New orders 18.4 vs 35.7 prior .... Prices paid 56.4 vs 42.6 prior .... big moves in new orders and prices paid
That inflation indicator .... yowza. In addition to the a pullback in commodity prices that weighed on the AUD overnight
