FX MARKET REPORT 09.04.2021

FX MARKET REPORT 09.04.2021

FX MARKET REPORT 09.04.2021

Daily Commentary
Daily Commentary
FX MARKET REPORT 09.04.2021
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FX MARKET REPORT 09.04.2021

GBP/USD: Mix of British concerns with a rush to the dollar expose the  1.3670 critical support. EUR/USD struggles at the 1.1892 200-DMA, eyes  1.1860 support according to Credit Suisse. The dollar index was up 0.2%  at 92.278, after dipping as low as 92.037 earlier Friday for the first  time since March 23. The index has dropped around 0.8% this week, the  largest fall so far this calendar year. USD/JPY rose 0.2% at 109.47,  while the risk-sensitive AUD/USD fell 0.7% to 0.7595, after a warning  from Australia’s central bank of excessive lending risk. Rising Treasury  yields amid expectations that a strong economic recovery and rising  inflation would force the Federal Reserve to rein in its ultra easy  monetary policies sooner than originally thought led to substantial  dollar gains last quarter. However, this tone has changed of late. The  weekly initial jobless claims figures on Thursday actually showed U.S.  unemployment unexpectedly rose last week, while the minutes for the U.S.  central bank’s last meeting showed that the officials remained  committed to monetary policy support for some time to come.

GBP/USD: Mix of British concerns with a rush to the dollar expose the  1.3670 critical support. EUR/USD struggles at the 1.1892 200-DMA, eyes  1.1860 support according to Credit Suisse. The dollar index was up 0.2%  at 92.278, after dipping as low as 92.037 earlier Friday for the first  time since March 23. The index has…

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