Key developments in the FX Space – Blueprint Capital

FXStreet (Barcelona) - The Blueprint Capital FX Team comments on the recent key developments which might affect the FX space – US politics, AUD’s reaction to Chinese trade data, and the mixed impact of USD on corporate in EU, Japan and the EM.

Key Quotes

“Hillary Clinton announced on Sunday her second bid for the US presidency, ending two years of speculation and opening another chapter in a political life that has already spanned more than two decades.”

“Overnight: Trade unbalanced China’s exports fell 15 per cent in March against a year earlier, halting the country’s positive trade momentum over the first two months of the year and raising concerns that first-quarter economic growth could come in weaker than expected. AUDUSD fell 100 pips on the news.”

“The new dollar reality. The rising US dollar is redistributing growth throughout the global economy, benefiting the Eurozone and Japan as their companies become more competitive in currency terms. However, it is also weighing on emerging markets (where companies borrow in USD) and also those countries whose exchange rate is pegged against the US dollar.”