Currency Market Analysis

Global Themes

Greenback fallsThe US dollar continued its rocky start to the week overnight as US markets reacted negatively to the weekend’s tensions over trade.US Vice President Mike Pence reignited trade fears at a tense meeting over the weekend with a war of words between Pence and Chinese President Xi Jinping hitting market confidence.US markets fell overnight with the benchmark Dow Jones down 1.6%. The technology-focused Nasdaq dropped a massive 3.3%.General weaknessThe euro climbed as it continued to find some support at the 18-month lows.The Japanese yen and British pound both gained.RBA minutesLocal

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