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Forex market reviews

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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19 April 2018

Media reviews

Tina Pham

North Korea seeks 'complete denuclearisation', says Moon, as U.S. vows continued pressure (news: 19/04/18)

SEOUL/GENEVA (Reuters) - North Korea has expressed its commitment to “complete denuclearisation” of the Korean peninsula and is not seeking conditions, South Korean President Moon Jae-in said on Thursday, as the United States vowed to maintain “maximum pressure” on Pyongyang.
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Market sessions

Gabriel Ojimadu

EURUSD: price caught up at the balance line

On Wednesday the 18th of April, trading on the EURUSD pair closed slightly up at 1.2373. The single currency got a significant boost from the EURGBP and EURCAD crosses. The pound dropped against both the dollar and euro following the release of disappointing UK inflation figures for March. The Canadian dollar lost ground to the greenback and euro after the BoC’s decision to maintain its key rate at 1.25%.
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Alexander Razuvaev
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