XE Market Analysis: Europe – Apr 16, 2019

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The main currencies have continued to see little directional bias for the most part, which has been seen against backdrop of buoyant global stock markets. The narrow trade-weighted USD index is near flat on the day so far, at 96.92, continuing a consolidation of declines seen last week. In equity markets, while the main U.S. indices turned lower yesterday, the S&P 500 remains within 1% of record highs, while India’s NSE index rallied to a record high today.