The Canadian Dollar outperformed as the US sought to end sanction waivers for Iran oil imports. NZD/CAD left at critical turning point as sentiment warns oil price reversal ahead.
Overnight EUR/USD gains were undermined after the USTR proposed levying tariffs on European products, fueling concerns about US-EU trade wars. Ahead, the anti-risk Japanese Yen may rally.
Global equities began the new week with optimism as sentiment improved on the latest Brexit news and US retail sales data beat. This countered the downturn in market mood as of late.
Global growth fears fueled risk aversion, boosting the US Dollar against ASEAN currencies. The same dynamic may lift USD/IDR, USD/SGD with all eyes on the world’s largest economy.
British Pound fell on Brexit worries while the S&P 500 pared losses on a mixed US jobs report. Asia stocks may welcome first HKMA peg defend since August 2018. Jerome Powell eyed.
Fading chances of a ‘no-deal’ Brexit caused the British Pound to outperform. Asia Pacific stocks may aim lower after Wall Street couldn’t hold onto gains despite supportive news again.
The British Pound soared in early Tuesday trade on reports UK Prime Minister Theresa May is considering delaying Brexit. AUD/USD’s ascent paused on resistance as Asia stocks may fall.