XE Market Analysis: North America – Apr 24, 2019

The Dollar has remained buoyant, posting a new two-month high versus the Pound, a seven-week peak against the Canadian Dollar, and a six-week high in the case against the Australian Dollar, which dove 1% against most currencies following weaker than expected CPI data out of Australia, which catalysed expectations for the RBA to cut interest rates as soon as its May-7 meeting. The USD index remained buoyant, although off the 22-month high seen yesterday.