Boris and Kathy Forex Weekly – 16-04-2018 – Crosses
April 15, 2018 11:28 pm
We closed out another week where the only thing that mattered was the U.S.’ relationship with the rest of the world. From rising tensions with China to President Trump’s threat to Syria and Republican House leader Paul Ryan, announcing his resignation, investors had many reasons to shun dollars. By the end of the week however, Trump toned down his rhetoric on China, asked his advisors to look into rejoining the Trans Pacific Partnership, talked about how they are close to reaching a NAFTA deal and made no decision on attacking Syria. So while the U.S. dollar fell against the British pound, Canadian, New Zealand and Australian dollars, it ended the week unchanged versus the euro and Swiss Franc and only slightly lower versus the Japanese Yen. The week ahead will be a busy one and barring an unexpected inflammation of geopolitical risks, the market could finally pay attention to data.
We closed out another week where the only thing that mattered was the U.S.’ relationship with the rest of the world. From rising tensions with China to President Trump’s threat to Syria and Republican House leader Paul Ryan, announcing his resignation, investors had many reasons to shun dollars. By the end of the week however, Trump toned down his rhetoric on China, asked his advisors to look into rejoining the Trans Pacific Partnership, talked about how they are close to reaching a NAFTA deal and made no decision on attacking Syria. So while the U.S. dollar fell against the British pound, Canadian, New Zealand and Australian dollars, it ended the week unchanged versus the euro and Swiss Franc and only slightly lower versus the Japanese Yen. The week ahead will be a busy one and barring an unexpected inflammation of geopolitical risks, the market could finally pay attention to data.
Related Posts: