MARKET UPDATE 12-Feb-19

The US dollar is benefiting from the investor nervousness around the trade talks holding close to its 2019 high today.

Beyond its safe haven appeal, the US dollar is still the highest yielding currency in the developed world. With all major central banks turning dovish, the greenback seems relatively attractive.

Meanwhile, the British parliament is set to hold a debate on Brexit on Feb. 14. Prime Minister Theresa May is seeking changes to her deal with Brussels, after it was rejected by a record majority in parliament last month.

Closer to home, the index of Australian business conditions showed a welcome bounce in January. This was after an alarmingly sharp drop in December though the survey still pointed to cooling growth ahead.

FX Rates 12.02.19

 

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