US FX Handover – 18 April 2019
Matt Weller, CFA, CMT April 18, 2019 3:48 PM
See a summary of the top FX themes and trends from today's US session!
- The US dollar was among the strongest major currencies today after strong initial jobless claims (192k) and March retail sales figures (1.6% vs. 1.0% eyed). The world’s reserve currency is testing a key resistance level ahead of a potentially quiet long holiday weekend.
- In other US news, the release of the Mueller report on Russian interference in the 2016 election has garnered plenty of headlines, with little in the way of direct market implications.
- The loonie finished in the middle of the pack after a solid February retail sales report (+0.8% m/m vs. +0.4% eyed)
- The yen was the strongest major currency and the New Zealand dollar was the weakest on the day.
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