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Currency Market Analysis

Apr 09, 2019 | Currency Market Analysis

Global Themes

USD undermined by the ease of the global growth

Risk on yesterday

The optimistic number from the US employment data last Friday eased the concerns about the growth overnight. EURUSD rose to 1.1260 from 1.1210 yesterday. GBP and USD is having the tug of war on the back of optimism of markets and cloudy Brexit deal. However, USDSGD is trading in a narrow range.

EURSGD jumped from below 1.52 and may test 1.53

EURSGD could not break the 11month low

EURSGD had been trading below 1.52 for the last couple of days tested the 11month low. However, as EUR was well supported by the ease in the global growth, EURSGD showed the slight jump yesterday. European currencies especially EUR and GBP remains vulnerable and sensitive to the headline news on the back of slowdown in the economy as well as Brexit deals, which gives the cloudy outlook.

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