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Currency Market Analysis

Dec 18, 2018 | Currency Market Analysis

Global Themes

Dow’s slide hits greenback

Global sharemarkets started the new week with further selling as last week’s poor Chinese data continued to weigh on sentiment.

The US dollar weakened as markets looked ahead to this week’s Federal Reserve decision.

The risk of a government shutdown also pressured the market.

Mostly lower

The British pound was stronger as UK PM Theresa May signalled the closely-watched Brexit bill would be re-introduced into parliament next month.

The Japanese yen was higher as the market selldown boosted safe havens.

US housing in focus

Today’s focus is on the Reserve Bank of Australia’s minutes from this month’s policy meeting.

Today’s focus is on the Reserve Bank of Australia’s minutes from this month’s policy meeting.


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