Asia FX Handover - 9th April 2019
Matt Simpson April 9, 2019 12:05 AM
A summary of news and snapshot of moves from today’s Asia session.
- Theresa May is to meet with Merkel and Macron today to ask for a Brexit delay. GBP is today’s second strongest major, slightly behind NZD, although overnight implied volatility rose to its highest level since the end of January.
- US officials are “not satisfied yet” over trade talks to clear issues standing in the way of a deal.
- USD remained the weakest major throughout the Asia session, after what appeared to be a technical sell-off during the prior US session during. EUR/USD continues to recover from its lows.
- A mixed picture across equity markets, with Chinese enjoying inflows whilst shares across Japan are mostly flat. The Nikkei 225 has stalled near the March high after printing a bearish hammer yesterday. US futures have opened slightly lower.
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