Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
GBP: April gains undone
The GBP/USD currently is testing 1.2390 - that's where it started its April march upwards. In other words, the victories of the previous month are written off for this currency pair. What does it mean?
Analyst comment that May is a seasonally low month for the GBP against the US dollar in particular. The fact that the British pound opened the month in such a weak way probably means that the entire month will be like that for this currency pair, if not further in the same direction. If that's the case, prepare for the GBP/USD to hit the support of 1.2267 very possibly within a week or so. "Risk-off" is a password so far for this currency pair.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.