FX Market Summary Report 408-350-8580 Hedgetrackers.com
FX Market Summary Report GBPUSD: 1.2951 The pound started off slow but gained over the month as Brexit concerns begin to subside and the markets believe a "soft brexit" will occur FX Market Summary Report 408-350-8580 Hedgetrackers.com
FX Market Summary Report JPYUSD: 111.39 USD gains its losses back after Trump tax plan boosted outlook for the Dollar Spot Rate FX Market Summary Report 408-350-8580 Hedgetrackers.com
FX Market Summary Report Trend Line Iron ore recovers, bringing AUD back up AUD rises due to decline of USD Price of iron ore declines as supply is greater than demand. AUD is largely affected by the movement of iron ore. Spot Rate AUDUSD: 0.7487 FX Market Summary Report 408-350-8580 Hedgetrackers.com
FX Market Summary Report Spot Rate USDCAD: 1.3666 A drop in the price of crude oil caused CAD to gain. v CAD is affected by to changes in the price of crude oil, due to their inverse relationship. Selling pressure increased after Trumps comments suggested he favored lower US interest rates and that the US Dollar is getting too strong. FX Market Summary Report 408-350-8580 Hedgetrackers.com Trend Line
FX Market Summary Report USDCNY: 6.8935 Trend Line Central bank has been spending foreign currency to help bolster the yuan. Low expectations due to structural changes in domestic foreign exchange transactions cause the yuan to decline. Foreign currency spending and foreign exchange transactions drive the price of the yuan this month. Spot Rate 408-350-8580 Hedgetrackers.com FX Market Summary Report
FX Market Summary Report Rupee moderately increases because of gains in the regional stock markets. USDINR: 64.2462 Increased demand for USD and a lower opening in the domestic equity market causes rupee to fall. Trend Line INR movement is largely attributed to its movements in the stock market. Spot Rate FX Market Summary Report 408-350-8580 Hedgetrackers.com