Monday, 18 April 2016

XE Market Analysis: North America - Apr 18, 2016

The main story today has been commodity currency weakness and yen outperformance, though the worst of the moves unwound some as the European AM session progressed. The catalyst was a dive in oil prices following the collapse of Sunday's Doha meeting of major oil producers, leaving the plan to freeze output up in the air. Brent crude was showing a 3.3% decline as of the early European PM session, though off its lows.



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