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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FX Handover USD Extended Losses Post FOMC

Article By: ,  Financial Analyst
June 20, 2019 1:01 AM

FX Handover: FOMC Dominates Markets During A Lively Asia Session


  • The dovish FOMC meeting continued to weigh on the US dollar throughout Asia, seeing USD/JPY drop to its lowest level since the January flash crash.
  • RBA’s Lowe hammered home the likelihood of another cut, saying it’s unrealistic to think 25bps cut can alter growth, it’s not unrealistic to expect a further reduction in cash rate and the possibility of a lower cash rate remain on the table.
  • Australian yields hit fresh record lows with the AU2 and 10yr yields falling to 0.93% and 1.29% respectively. The ASX200 pushed to a fresh post-GFC high and hones-in on the all-time high.
  • AUDNZD fell to its lowest level since early April. Better than expected GDP data from NZD and expectation for RBNZ to hold next week have weighed on the cross.
  • Asian caught the tailwind from the FOMC meeting, trading mostly higher led by Singapore and Hong Kong.
  • Gold is on track for tis most bullish week in 3 years, after spiking higher to $1392, its highest level in five years.
  • Trump is to meet with Putin at the G20 meeting next week.


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