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Forex market reviews

23 April 2018

Media reviews

Tina Pham

Pound sterling falls to five week low against US dollar as GDP and Brexit pressures increase (news: 23/04/18)

The pound fell to a five-week low against the dollar on Monday morning, continuing the downward momentum seen last week off the back of worse than expected economic data.
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Market sessions

Gabriel Ojimadu

EURUSD: upwards correction overdue

On Friday the 20th of April, trading on the EURUSD pair closed down. The single currency dropped against the dollar to 1.2293 during the European session, falling further to 1.2249 in the US. An increase in US bond yields gave way to a rise for the US dollar. US10Y bond yields hit a high of 2.966%; its highest value since January 2014. This rise in bond yields occurred in anticipation of increased interest rates.
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20 April 2018

Media reviews

Tina Pham

Sterling extends slide after Carney punctures BoE rate hike bets (news: 20/04/18)

LONDON (Reuters) - Sterling extended its drop to a two-week low against the dollar on Friday after Bank of England Governor Mark Carney signalled that the central bank may not rush to raise interest rates in May because economic data was “mixed”.
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Market sessions

Gabriel Ojimadu

EURUSD: euro expected to continue its decline

On Thursday the 19th of April, trading on the euro closed down. The single currency slid against the dollar from 1.2400 to 1.2345. The local minimum is at 1.2329. Additionally, the greenback got a boost from a rise in US10Y bond yields, which have jumped from 2.86% to 2.934%.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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