US FX Handover – 1 April 2019
Matt Weller, CFA, CMT April 1, 2019 4:00 PM
See a summary of the top FX themes and trends from today's US session!
- The British pound was the strongest major currency on optimism ahead of another round of indicative votes in Parliament, where some analysts expect the “customs union” alternative to garner a majority.
- The loonie also gained ground as both Brent and WTI hit their highest level in 2019 amid OPEC’s ongoing production cuts. The aussie rallied ahead of tonight's RBA meeting.
- The US dollar finished in the middle of the major currency pack, despite a 9bps rally in the 10-year Treasury yield, the largest gain in nearly three months.
- EUR/USD fell for the fifth straight day.
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