US FX Handover – 26 March 2019
March 26, 2019 4:03 PM
- The pound was the second strongest major currency on the day (behind Aussie) ahead of tomorrow’s highly-anticipated Parliamentary indicative votes. GBP/USD continues to consolidate around 1.32 as traders optimistically price in a longer delay and/or a softer Brexit, perhaps under a different PM.
- NZD/USD is holding steady around 0.6910 ahead of the RBNZ meeting in an hour’s time.
- The yen was the weakest major currency amidst a risk on day. USD/JPY is now testing a key short-term resistance level.
- Gold also fell on the day, with the precious metal trapped between a rising channel and a near-term resistance barrier.
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