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Currency Market Analysis

Sep 28, 2018 | Currency Market Analysis

Global Themes

Markets digest news from the US FOMC

US equities ended the Thursday session mildly positive with the USD dollar advancing moderately.

JPY Weakens

JPYSGD continued its downward trend below the 1.21 handle as the Nikkei Stock Index hits its highest level since November 1991 above the 24,000 levels. USDJPY is trading firmly above the 113 figure.

Further rhetoric from the US-China trade wars in focus

For today’s data release, we have UK GDP at 430pm and CAD GDP out at 830pm

Elsewhere, the markets will look towards movements in equity and bond markets as indications of the impact of higher short-term funding costs.

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