XE Market Analysis: North America – Apr 13, 2018

The yen weakened, while sterling and the Australian dollar outperformed and the dollar trade mixed. The other commodity currencies also posted moderate gains. AUD-JPY was showing the biggest gain, as of the late London morning, with the cross showing a gain of 0.7%, logging a one-month peak at 83.99. AUD-JPY is widely view as a forex market barometer on sentiment global markets, so the gains can be linked to the lifting in investors’ spirits with regard to latest evolutions in the Sino-U.S. trade spat and Russia-U.S. faceoff in Syria. AUD-USD also logged a one-month high.