MARKET UPDATE 28-Feb-19

The USD dollar held firm above a three-week low today as investors remained cautious. Uncertainty over the progress in U.S.-China trade talks remained a concern. The dollar also found support on a flare-up in tensions between Pakistan and India, sending investors out of riskier markets into safer assets.

Meanwhile, sterling rallied on bets that the chance of a no-deal Brexit was less likely and that Britain’s departure from the EU would be delayed.

And in other news, Australia’s business investment was high last quarter while companies boosted their spending plans for the coming year. Perhaps a positive sign for the Australian economy.

FX Rates – 28.02.19

 

 

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