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Currency Market Analysis

Mar 15, 2018 | Currency Market Analysis

Global Themes

Greenback at one-month lows as geopolitical tensions bite

Financial markets were mostly lower overnight with the US Dow Jones index down 1.0% as geopolitical tensions gripped markets.

The ongoing stress of a potential US-led trade war, along with the expulsion of 23 Russian diplomats from the UK, saw political considerations drive markets lower.

USD not helped by Kudlow

The US dollar did not benefit after well-known commentator Larry Kudlow was reported as likely to be appointed chief economic adviser to President Trump.

Kudlow has historically been a supporter of the “strong US dollar policy”.

The SGD was higher for most of yesterday’s session after China’s industrial production numbers came in stronger than expected.

The EURSGD fell 0.4% while the JPYSGD was flat.

US data

The New Zealand dollar was weaker after local economic growth numbers came in below expectations.

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