What happened
- Feeling like déjà vu as the U.S. Dollar managed another month of swings and 0.8% rise in April
- Economic performance divergence remains a plus for the greenback as others struggle
- Mexican Peso was best performer, rose 1.0% based on Latin safe-haven and oil prices
- Euro finished the month with no gain/loss, as it swung back from weakest level in 2 years
- New Brexit deadline is Halloween, spooky, scary. Doubt on strategy hurt Pound by 0.5%
- No safe-haven love this time with Yen even and Swiss Franc suffering a 2.0% slide
Tempus’ view
- A split between U.K. Conservatives will lead to PM Theresa May reaching out to Labour
- Euro could see better fortunes if Q1 indicators of expansion continue and data steadies
- Type random note of hope about China and the U.S. having more than just productive talk
- Venezuela and tariffs from the U.S. could add to MSCI Emerging Market Currency Index April losses of 1.0%
- Staying up is what the buck has done best in 2019 with just a half percent gain from start of the year per the Bloomberg Dollar Spot Index
Interested in reading more? Enter your name and email to dive into the details.
