XE Market Analysis: Europe – Feb 25, 2019

The China-proxy Australian and New Zealand currencies rallied as China’s SSE index surged over 5%, spear-heading a broader risk-on play in markets after President Trump said the U.S. would delay an increase in tariffs on $200 bln of Chinese imports beyond the March-1 deadline, citing “productive” trade talks. Both antipodean currencies posted gains of nearly 0.5% against the U.S. Dollar. AUD-USD and AUD-JPY printed respected two-day highs at 0.7161 and 79.37. USD-JPY has drifted back to levels around 110.60 after printing an intraday high at 110.86.

Source: XE news feed
XE Market Analysis: Europe – Feb 25, 2019