US FX Handover – 4 April 2019
Matt Weller, CFA, CMT April 4, 2019 3:37 PM
See a summary of the top FX themes and trends from today's US session!
- The US dollar gained ground against most of its major rivals, rising to test a key resistance level ahead of tomorrow’s Non-Farm Payrolls report.
- Rumors continued to swirl around a potential Trump-Xi summit, but not date has yet been announced. Traders would view a summit as a sign that a trade deal was highly likely given the repercussions of another “walk out” on both sides of the Pacific.
- The British pound was the weakest major currency today as hopes of an agreement between Corbyn and May faded. GBP/USD is trading back below 1.3100 as of writing.
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