The greenback sustains gains after breaking out from long-standing trading ranges
Kathryn Garvey | April 25, 2019
“That's a tough one. I'd have to say April 25th, because it's not too hot, not too cold. All you need is a light jacket!"Miss. Congeniality
April 25, 2019
EUR/USD 1.1144 GBP/USD 1.2902 USD/CAD 1.3496 AUD/USD 0.7005 USD/JPY 111.56 USD/CNH 6.7521 USD/ILS 3.6328 USD/MXN 19.1482 USD/CHF 1.0204 USD/INR 70.2612
USDThe dollar gained for a third straight day reaching a four month high after dovish signals from central banks in Japan, Canada and Europe. Investors flocked to the greenback as other markets become less attractive. Weekly jobless claims came in at 230K vs 200K expected. Durable goods orders beat expectations coming in at 2.7% vs 0.8% expected. The Kansas Fed manufacturing index is due out this morning.GBPThe downward trend for the pound continues with trading below $1.30 for a third straight day. Traders expect the downward trend to continue until there is clarity around Brexit. Conservative lawmakers have asked PM May to provide a timeline for her resignation.EUR
The euro continues to drop against the dollar, nearing the $1.11 level – the lowest in 22 months. No major data releases are expected out of the Eurozone today.CAD
The loonie is faring better than most other G-10 peers against the greenback supported by higher oil prices.ASIA/PACIFIC
Chinese stocks fell 2% late in the session following the central bank’s attempt to manage expectations for further easing. The USDCNY jumped to its highest level in two months.
The Japanese yen gained against the dollar as traders reduced risk positions in anticipation of the Golden Week holidays, when Japanese markets shut for 10 days.
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