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Europe FX Handover - 18th April 2019

  • Commodity currencies underperformed throughout Asian and European sessions, led by NZD, with EUR also weaker on the back of disappointing Eurozone PMI data. The Japanese yen remained the strongest currency, suggesting a bit of risk aversion.
  • The US dollar rebounded, but this failed to hold back gold and silver staging minor rebounds
  • Profit-taking and ranges continue to dominate ahead of the long Easter weekend. Many financial markets will be closed Friday and some on Monday also.

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