XE Market Analysis: North America – Apr 16, 2019

Comments are off

The Dollar has traded mostly firmer so far today. The biggest movement has been against the Australian Dollar, after the minutes to the early April RBA meeting showed that a rate cut had been discussed. AUD-USD dropped over 0.5% in making a two-session low at 0.7140. EUR-USD has also been a mover, with the pairing dipping to a three-session low at 1.1279 on the back of a Reuters report, citing an ECB source, that there is a “significant minority” of board members who are doubtful about projections for growth to rebound in the second half of the year.