XE Market Analysis: Risk Aversion Takes Gold

OVERVIEW

  • Pound weaker ahead of BoE meeting and Brexit concerns.
  • Loonie solid on oil price hike ahead of the OPEC meeting this week.
  • Euro under pressure on interest rate outlook.

HIGHLIGHT

The Swiss Franc and Japanese Yen have taken a large portion of the buying today as traders continue to worry about the impact of trade tariffs and political instability across the globe.