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10 Apr 2015
USD continues to climb in the European trade – TDS
FXStreet (Barcelona) - The TD Securities team summarizes the key developments in the FX, Equities and Bond markets during the European trade.
Key Quotes
“The USD continued to gain ground through the London trading session, pushing EURUSD to a new 3-week low back below 1.06, and GBPUSD to a fresh 5y low of 1.4624 as markets focus more on the UK elections, and the recent turn in polls in favour of Labour.”
“USDCAD has been less directional, trading in a tighter range just above 1.26 as markets await the Canadian labour market report, where we think that the string of softer than expected Canadian data is likely to continue.”
“Risk sentiment overall is holding up after the Nikkei crossed the 20,000 mark overnight for the first time in 15 years, and European equities are up around 0.4% on the day.”
“European peripheral spreads have tightened up a bit as bund yields hold around all-time lows, while UST yields are fairly steady around yesterday’s highs, with the yield differentials likely being a driver behind USD outperformance overnight.”
Key Quotes
“The USD continued to gain ground through the London trading session, pushing EURUSD to a new 3-week low back below 1.06, and GBPUSD to a fresh 5y low of 1.4624 as markets focus more on the UK elections, and the recent turn in polls in favour of Labour.”
“USDCAD has been less directional, trading in a tighter range just above 1.26 as markets await the Canadian labour market report, where we think that the string of softer than expected Canadian data is likely to continue.”
“Risk sentiment overall is holding up after the Nikkei crossed the 20,000 mark overnight for the first time in 15 years, and European equities are up around 0.4% on the day.”
“European peripheral spreads have tightened up a bit as bund yields hold around all-time lows, while UST yields are fairly steady around yesterday’s highs, with the yield differentials likely being a driver behind USD outperformance overnight.”