MARKET UPDATE 19-Feb-19

The U-S dollar stood firm against its major rivals today, mostly driven by improved investor sentiment. Expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks.

However, Traders seemed to have lacked direction as U.S. markets were shut for a holiday yesterday, while the euro’s latest bounce slowed as the focus flowed back to the economy and European Central Bank policy.

ECB policymakers will next meet on March 7, when growth and inflation projections are expected to be slashed as the euro zone suffers its biggest slowdown in half a decade.

And closer to home, the immediate focus was on the Reserve Bank of Australia’s monetary policy meeting minutes. The central bank cited “significant uncertainties” on their economic outlook

FX Rates – 19.02.19

 

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