XE Market Analysis: Europe – Apr 02, 2019

Comments are off

The Dollar has regained an underlying bid concurrently with a sharp rise in Treasury yields over the last day and an ongoing risk-on sentiment in global markets. This drove EUR-USD to a four-week low of 1.1196. Cable is also softer, and took a knock after the UK’s Parliament disappointed by failing to pass any of the alternative proposals on Brexit. More votes are scheduled for Wednesday. Prime Minister May is reportedly looking to run her Withdrawal Agreement for a fourth time, though most political pundits suggest there simply isn’t sufficient support for it.