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Dollar round trip erases post-Fed weakness....>

FOREX
FOREX: Dollar round trip erases post-Fed weakness
-After slipping sharply against all others in G10 following the dovish Fed rate
decision yesterday, the greenback has recovered in some style, rallying to
become one of the strongest currencies in G10 Thursday and completely erasing
the gap opened yesterday. The recovery in the USD doesn't bode well for the
likes of EUR/USD and GBP/USD, with some analysts citing carry interest in the
USD as a primary factor behind the greenback strength.
-NOK was the sole currency to gain against the USD Thursday, with the Norges
Bank one of the few to be still raising interest rates and the bank pencilled in
more by the end of 2019. This pressed EUR/NOK well below the 200-dma, touching
the lowest levels since mid-November in the process.
-GBP sank further still, amounting to the worst session for GBP/USD of the year
as markets were forced to price in a greater chance of a disruptive No Deal
Brexit as soon as next week. The 1.30 handle held, but a break below would see
the 200-dma come under pressure.
-Attention turns to PMIs from Australia, the Eurozone & US and Canadian CPI.
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