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Currency Market Analysis

Jul 25, 2018 | Currency Market Analysis

Global Themes

USD eases as Shanghai gains boost markets

The US dollar was lower overnight as a jump in Shanghai sharemarkets boosted sentiment across the markets.

Also, a stronger reading from global manufacturing activity numbers also helped sentiment.

Sharemarkets around the world were higher and the US dollar, along with other safe haven currencies, mostly fell.

Safe havens

The USDSGD continued lower from the one-year highs with the market down 0.1% overnight.

The euro and Swiss franc also lost ground in line with weakness in safe havens.

Risk

In early trade, a weaker Australian CPI number pressured the AUD with the Reserve Bank of Australia might unlikely to raise rates in the near term.

Later today, German business confidence and European money supply numbers will be key.


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