XE Market Analysis: North America – May 03, 2019

Comments are off

The Dollar has remained underpinned amid expectations for a solid U.S. April employment report later today, while the Australian and New Zealand Dollars underperformed as markets anticipate that both the RBA and RBNZ will cut interest rates at their respective May policy meetings next week. The Euro, meanwhile, posted fresh lows against a number of currencies today, while sterling also came under pressure. EUR-USD clocked a four-day low at 1.1155, while EUR-JPY and EUR-CHF have been dragged into respective three-week and four-day low territory.