US FX Handover – 16 April 2019
Matt Weller, CFA, CMT April 16, 2019 4:09 PM
See a summary of the top FX themes and trends from today's US session!
- The pound was the weakest major currency on the day after a report stated there was no agreement on a customs union between Labour and Conservatives.
- The loonie was the strongest major currency, boosted by an uptick in oil prices, in relatively quiet trade.
- Gold is testing key support at the year-to-date lows near 1275 – a break below that area would be a bearish sign moving forward.
- Inflation watchers note: tomorrow brings CPI data from New Zealand, the UK, and Canada.
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