Asia FX Handover - 11th March 2019
Matt Simpson March 11, 2019 12:58 AM
A snapshot view of currency moves throughout the Asia session, ahead of the UK open.
- GBP gapped broadly lower ahead of Tuesday’s meaningful Brexit vote 2.0 and remained the weakest major throughout the session. GBP/USD is currently sitting at a 3-week low, and EUR/GBP a 2-week high.
- Outside of GBP, narrow ranges overall for FX with news flows on the quiet side.
- Index futures traded cautiously higher following their worst week since December. Gold is treading water just below $1300, after jumping to a 5-day high on Friday. US10Y has stabilised just above 2.6% and moved to 2.64% late session.
- As of last week, CFTC have fully back-filled the missing data for the COTS report due to the government shutdown.
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