Currency Market Analysis

Nov 13, 2019 | Currency Market Analysis

Global Themes

USD climbs as markets look to Fed speech, CPI

The US dollar continued to climb overnight as nerves around trade boosted the currency’s safe haven appeal.

A key economic speech from US President Donald Trump hampered markets as Trump focused on his disappointment with the US Federal Reserve and warned he would implement further tariffs on China if a trade deal could not be concluded.

RBNZ surprise

The US dollar was stronger.

The Japanese yen also gained as markets favour the security of safe haven markets.

The NZ dollar was stronger, up over 1.0%, after the Reserve Bank of New Zealand kept interest rates on hold.

Powell speech

Tonight, the US Federal Reserve chairman Jerome Powell testifies to US politicians at the Joint Economics Committee. This key speech will potentially provide some guidance

on the Fed’s next move.

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