FX MARKET REPORT 26.04.2021

FX MARKET REPORT 26.04.2021

FX MARKET REPORT 26.04.2021

Daily Commentary
FX MARKET REPORT 26.04.2021
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FX MARKET REPORT 26.04.2021

Three British developments set to boost sterling – Optimism about the NI protocol, Britain’s vaccine milestone and bullish BoE comments. EUR/USD retakes the 1.2100 mark and above on Monday. USD-selling continues to support the upside in the pair. German Business Climate improved a tad in April. Dollar Index, which tracks the greenback against a basket of six other currencies, was 0.1% lower at 90.778, near levels not seen since the end of February. USD/JPY was 0.1% lower at 107.81, while the risk-sensitive AUD/USD rose 0.3% to 0.7769. Risk appetite has been boosted of late by strong signs of a global economic improvement, to the detriment of the safe haven dollar, with early April manufacturing activity indicators, released late last week, hitting record highs in the United States and also showing impressive improvement in Europe. A survey from Germany’s Ifo institute due later on Monday is expected to show business conditions continued to improve in Europe’s largest economy. Attention this week will be centred around the latest policy-setting meeting of the Federal Reserve, with the two-day get together scheduled to finish on Wednesday.

Three British developments set to boost sterling – Optimism about the NI protocol, Britain’s vaccine milestone and bullish BoE comments. EUR/USD retakes the 1.2100 mark and above on Monday. USD-selling continues to support the upside in the pair. German Business Climate improved a tad in April. Dollar Index, which tracks the greenback against a basket…

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