US FX Handover – 15 April 2019
Matt Weller, CFA, CMT April 15, 2019 8:47 PM
- Reports suggest that the US has asked China to shift its tariffs on to non-agricultural products to support US farmers. Traders are still waiting for a breakthrough in US-China trade negotiations.
- The loonie was the weakest major currency after a worse-than-expected Q1 business outlook survey.
- Pound sterling was the strongest major on the day, though GBP/USD remains a tight symmetrical triangle pattern as traders look ahead to this week’s economic data.
- US stocks edged lower after mixed earnings from major US banks.
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