FX Handover: Bitcoin Goes Bonkers
Matt Weller, CFA, CMT June 26, 2019 9:04 PM
See a summary of the top FX themes and trends from today's US session!
- It was a volatile day in the FX market, with the Kiwi ultimately leading the way among the majors after the RBNZ left interest rates unchanged.
- The yen was the weakest major currency on the day.
- Bitcoin went parabolic, rallying through $12k and $13k. Prices for the cryptocurrency are now nearing $14k, which would mark the highest price except for X weeks in late 2017.
- WTI gained 2.5% on the day after the largest drawdown in crude oil inventories in nearly three years.
- Friday’s G20 meeting in Osaka will be a major event for markets – see our full preview here.
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