US FX Handover – 25 April 2019
Matt Weller, CFA, CMT April 25, 2019 8:56 PM
- Emerging market currencies took another leg lower, with the Turkish lira falling on a dovish central bank meeting and the Indian rupee losing ground on the rally in oil prices.
- The US dollar finished mixed against its major rivals after mixed economic data. March durable goods orders beat expectations, but initial jobless claims spiked back to 230k.
- The kiwi and yen were the strongest major currencies on the day, with the euro bringing up the rear.
- The aussie was the weakest major currency after a big miss in quarterly CPI data.
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