Forex Daily News

20th February 2019

19th February 2019

Soft domestic data and mildly dovish Riksbank April meeting to keep SEK under pressure – ING

"With the case for the Riksbank to facilitate SEK strength sharply diminishing and the Riksbank rather facing a puzzle of how to prevent SEK weakness in the low growth and low domestic inflation environment, we look for more SEK weakness to come in the months ahead," note ING analysts and add: "The soft domestic data and mildly dovish Riksbank April meeting…

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US: Jobless claims would have to rise substantially to signal a recession – TD Securities

"Yet another increase in initial jobless claims has worried some investors. However, on a non-seasonally adjusted basis, claims show no signs of unusual movement," TD Securities analysts argue.

Key quotes

"At 239K, claims remain well below historical levels — even more so if the substantial growth in the labor force is taken into account. Increases like those seen recently are typically reversed…

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AUD/USD climbs higher toward 0.72 on US-China trade optimism

US Dollar Index on track to close lower for the fourth straight day.
RBA says no strong case for a near-term adjustment in monetary policy.
The US is reportedly asking for a stable Yuan in trade talks. 

After spending the majority of the day in a tight range above the 0.71 mark following the modest sell-off witnessed in the Asian session, the AUD/USD…

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