XE Market Analysis: North America – Feb 25, 2019

The Dollar traded mostly softer, appearing lose some of its safe haven premium amid a risk-on backstop in global markets. China proxy currencies outperformed, concomitantly with China’s SEE staging of a 5.6% rally, which spearheaded 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 the Australian and New Zealand currencies rallied by comfortably more than 0.5% against the U.S. buck.

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