MARKET UPDATE 18-Jan-19

Forex market today was mixed on sentiments. Risk assets are posting a strong January amid signs of support from policy makers in the U.S. and China, with global equities heading for a fourth week of gains.

Rates were slightly higher in US Treasuries following healthy jobless claims and Philadelphia Fed numbers. This gave some support to the greenback, however, weighed on the euro which fell on a dovish ECB outlook. According to economists in a latest Reuters poll, the European Central Bank is expected to wait until the fourth quarter to raise its deposit rate.

Meanwhile, the Brexit saga continues to make headlines in the EU.

FX Rates 18.01.19

 

 

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