Orbex

ORBEX: Investors Brush-Off USMCA Headlines! Softening Dollar?

FX:USDCAD   Dollar Américain / Dollar Canadien
JGB yields brushed off USMCA headlines yesterday and took a positive turn above the zero mark! JGB's haven't been positive since March 2019!

Is this hinting that investors turn optimistic on global economies? Or just a shot-lived surge own to auction?

Supported by impeachment uncertainty and poor US data yen rose against the greenback yesterday, however, the pound continued sliding on the back of no-deal risks.

Will the US and UK GDP figures change the short-term outlook?

Canadian retails are also due and they could be causing some short-term moves. Will they help loonie strengthen further?

Timestamps

USDJPY 1H 01:30
GBPUSD 1H 04:00
USDCAD 1H 05:40

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice

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