XE Market Analysis: Europe – Apr 17, 2019

The Dollar majors have continued without much directional bias, though the Australian and Canadian Dollars posted moderate gains while the Kiwi buck came under pressure following sub-forecast CPI data out of New Zealand. NZD-USD printed a three-month low at 0.6667 before recouping back above 0.6700, rising on the coattails of gains in the Aussie dollar following better than expected data out of China, which provided fresh fuel to risk-on sentiment in global markets. Both the Aussie and Kiwi currencies are seen by many as liquid China proxies. AUD-USD posted a two-month high at 0.7205.

Source: XE news feed
XE Market Analysis: Europe – Apr 17, 2019