Forex Market Report, 2nd of April 2019

The U.S. Dollar closed Monday’s session higher as solid and better than expected U.S. manufacturing data supported the greenback.

In other news, positive Chinese manufacturing data gave investors (who are still concerned about the state of the global economy) a sign that the world’s second-largest economy was possibly stabilizing.

The U.S. Dollar Index which measures the strength of Greenback against a basket of six major currencies advanced and finished the session at 96.80.

Over in Europe, the single currency continued its losing streak against stronger U.S. Dollar on Monday to close the session at 1.12115.

Meanwhile, boosted by strong economic data, the Sterling rose on Monday’s session against the U.S. Dollar as investors prepared for parliament to vote on a series of Brexit options. GBPUSD closed the session at 1.31039.

Regarding Safe-havens, the Swiss Franc fell against the U.S. Dollar by 0.387 percent to close Monday’s session at 0.99891 USDCHF. Similarly, the Japanese Yen fell against the Greenback to settle at 111.345 USDJPY.

Gold prices fell on Monday as solid Chinese economic data eased concerns about a slowdown in the global economy and enhanced investors’ appetite for riskier assets. The precious metal ended the session at 1287.45.

Meanwhile, the Canadian Dollar rose against the U.S. Dollar to a nearly two-week high on Monday as oil prices increased and Bank of Canada Governor Stephen Poloz said there are clear signs that Canada is adjusting to global trade uncertainties. The USDCAD closed the session at 1.33060.

Over in Asia, the Aussie Dollar rose against the U.S. Dollar helped by gains in stocks and commodity prices to finish Monday’s session at 0.71108.

Cryptocurrencies were mixed in Monday’s session, Bitcoin rose against the U.S. Dollar to settle at 4110.9 BTCUSD, while Ethereum and Litecoin fell to settle at 140.52 ETHUSD, and 57.65 LTCUSD respectively.

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