MARKET UPDATE 17-Jan-19

The US dollar took a breather today following its recent strong gains against key rivals. In focus however, were concerns that the US government shutdown was taking a toll on its economy. The greenback largely held onto its gains against the euro amid persistent worries about the euro zone economy.

The Japanese yen, a perceived safe-haven in times of turmoil, edged higher against the dollar partly on the back of the worries.

Meanwhile, the British pound was stable after Prime Minister Theresa May’s government survived the no-confidence vote. The result means she stays in power for now.

FX Rates 17.01.19

 

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