XE Market Analysis: North America – Jan 30, 2019

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The Dollar has traded near net flat versus the Euro and Yen, while losing modest ground to the Pound, which managed to recoup some of the Brexit-related losses seen during the NY PM session yesterday, and the Australian Dollar, which has been the day’s outperformer. The antipodean currency benefited from perkier than expected Q4 CPI, which rose 0.5% y/y, and with Australian iron ore miners benefitting from the reduced Brazilian supply following last week’s Vale mining disaster. AUD-USD rallied by over 0.7% in printing a 12-day high at 0.7204.