US FX Handover 11 April 2019
Matt Weller, CFA, CMT April 11, 2019 4:24 PM
See a summary of the top FX themes and trends from today's US session!
- The pound generally held steady a day after the EU offered a Brexit extension until Halloween, with the UK given the option to depart sooner if a deal can be reached.
- Today’s US economic data came out better than expected, with PPI rising 0.6% m/m and initial unemployment claims dropping to their lowest level since 1969. The US dollar was the strongest major currency as a result.
- Aussie and Kiwi were the day’s weakest major currencies ahead of key economic data out of China this weekend.
- In other markets, both gold and oil fell about 1.5% on the day, while treasury yields ticked higher.
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