Dollar mixed, European markets closed for Easter Monday, US earnings season to start
Monday: Many stock markets around the world closed for Easter Monday, including in Germany and UK.
Tuesday: JPMorgan and Wells Fargo announce Q1 earnings
Wednesday:US Retail Sales (Mar), US Industrial Production (Mar), US Industrial Production (Mar), US Business Inventories (Feb), NAHB Housing Market Index (Apr)
Thursday: US Housing Starts (Mar)
Friday: US Leading Indicators (Mar), China GDP, Industrial Production, Retail Sales and Jobs data
April 13, 2020
EUR/USD 1.0906 GBP/USD 1.2489 USD/CAD 1.3980 AUD/USD 0.6363 USD/JPY 107.89 USD/CNH 7.0596 USD/ILS 3.5735 USD/MXN 23.7225 USD/CHF 0.9678 USD/INR 76.2825
The US dollar is mixed against its peer currencies, as overseas trading was subdued on Easter Monday. Today, US Congress will be under great pressure to agree on an interim rescue package. Releases of Q1 earnings by big commercial and investment banks begins tomorrow.GBPThe UK pound is slightly higher following the release of Prime Minister Boris Johnson from the hospital. The UK stock market is closed for Easter Monday.EUR
The euro is a bit lower, and remains within a $1.09-$1.10 trading range. Many of the key European stock markets are closed for Easter Monday, including Germany and France.CAD
The Canadian dollar weakened slightly, but remains under $1.40. Oil prices are higher by 1.3% to $23.06 a barrel following oil production cuts by OPEC+. Traders await the Bank of Canada interest rate decision on Wednesday. Expectations are that they will keep rates on hold. The BoC last cut its benchmark rate by 50 basis points to 0.25% following an emergency meeting on March 27.ASIA/PACIFIC
The Japanese yen gained by 0.5% as a safe-haven play, as traders remain concerned for a lengthy global economic slowdown.
The Chinese yuan dipped slightly, but trading was light with China’s Shanghai stock market closed. Key economic data will be released on Friday.
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