FX Handover: Oil Gains Halved, BoJo Dominates First Ballot
Matt Weller, CFA, CMT June 13, 2019 3:42 PM
See a summary of the top FX themes and trends from today's US session!
- Crude oil spiked 4% after an attack on two ships in the critical Strait of Hormuz, though it pared the gains to under 2% by the end of the day.
- Boris Johnson received 114 votes (out of 314) in the first conservative leadership race ballot, solidifying his status as the prohibitive frontrunner. The field has now been cut down to 7 candidates.
- Silver rallied back toward $15.00 ahead of tonight’s Chinese data dump.
- The Swiss franc was the strongest major currency today, with the Aussie bringing up the rear in relatively quiet trade.
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