AUD/USD falls to a session low of 0.6271 The dollar is continuing to push gains on the day, rising to session highs as we look towards North American trading in a couple of hours.
Blogs
Cable falls to near two-week low on stronger dollar
GBP/USD eases to a low of 1.2348, the lowest level since 9 April See here for global coronavirus case data Cable looks like it is finally breaking away from its range game between levels just above 1.2500 and the 1.2400 handle. As price takes a peek under the key support region, we are seeing sellers […]
Gold sinks by more than 1%, tests key support region
Gold sees a quick drop to a low of $1,670.73 before recovering slightly See here for global coronavirus case data Gold falters on the day despite the risk mood looking more defensive, as the focus is now on plunging oil prices once again. Stocks are down, bonds are bid and so is the yen and […]
Cable gives back gains into the London fix
Dollar rallies into the fix The dollar caught a bid into the London fix and there was some selling in sterling. There's some decent support here to fade it with a tight stop in a low-risk trade.
FX option expiries for Wednesday April 22 at the 10am NY cut
EUR/USD USD/JPY See here for global coronavirus case data
ECB's Rehn: ECB will do everything necessary to ensure supportive financing conditions
Comments by ECB governing council member, Olli Rehn – Member states should enhance cooperation,take measures to support the economy – It is necessary to support the most severely hit European countries See here for global coronavirus case data
ECB's Lagarde: The governing council has never discussed the issue of helicopter money
Comments by ECB president Christine Lagarde – ECB working hard on alleviating financing pressures – Headline inflation may fall considerably on oil prices The comments above relate to a letter by the ECB to EU lawmakers. In any case, for now when focusing on the ECB in the coming days/weeks.
FT: Investors count on radical ECB action to head off Italy crisis
The Financial Times with a piece on how the European Central Bank finds itself under pressure to support Italian bonds. In March the ECB took action to stem the sell-off in the riskier end of of eurozone debt markets
PBOC sets USD/ CNY reference rate for today at 7.0903 (vs. yesterday at 7.0752)
People's Bank of China Skips OMOs today See here for global coronavirus case data
RBNZ Governor Orr's 'taboo' comment about debt monetisation
I posted on Reserve Bank of New Zealand Governor Orr yesterday letting the cat out of the bag: And more later: I thought it might have weighed on the NZD more than it has, but it seems to have been greeted with yawns.