US FX Handover – 1 April 2019

Matt Weller
By :  ,  Head of Market Research

  • 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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