XE Market Analysis: Europe – Apr 26, 2019

The Dollar majors have been plying narrow ranges so far today, with both the Dollar and Yen consolidating of their respective gains seen against most other currencies this week. The U.S. currency has been buoyed by relatively good data, including yesterday’s much stronger than expected 2.7% rise in durable orders data, and with markets expecting a solid advance Q1 GDP reading later today out of the U.S., which is set to show developed-world beating growth. We expect growth of 2.6% y/y, up from 2.2% in Q4.

Source: XE news feed
XE Market Analysis: Europe – Apr 26, 2019