The dollar was the best performer among the G10s, despite the downside revision in US economic growth for Q4. Broader sentiment was boosted as well, perhaps aided by the modest recovery in Treasury yields, as well as headlines surrounding the US-China trade talks. The pound was yesterday’s loser staying pressured in the aftermath of MPs’ unsuccessful attempt to break the Brexit impasse. As for today, lawmakers will vote over May’s Withdrawal Agreement, but not the Political Declaration.
USD The Main Winner, Market Sentiment Recovers
The dollar traded higher against all the other G10 currencies on Thursday. The main loser was GBP, with JPY and NZD taking the second and third place respectively. The currencies against which the greenback gained the least were CHF, NOK, AUD and SEK.
The greenback was yesterday’s best performer, despite the downside revision in US Q4 GDP to 2.2% qoq SAAR from +2.6%. Perhaps the currency remained under buying interest as Treasury yields stabilized again, with
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