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Fun at the fix - The much-watched April.......>

FOREX
FOREX: Fun at the fix
- The much-watched April month-end fix delivered in spades Thursday, with
markets following through on signals that suggested the USD would be sold vs.
G10. Just ahead of the fix, GBP/USD and EUR/USD printed session highs, although
the JPY was sold in size also, helping EUR/JPY and USD/JPY snap recent
downtrends.
- The ECB decision came and went with relatively little fanfare, there were some
tweaks to existing programmes but markets welcomed the announcement of special
pandemic-targeting loads dubbed 'PELTROs'. CNH was lively at the European close
as the Washington Post released a story confirming that  Trump is looking at
ways to take retaliatory action against China for allegedly mishandling the
initial Coronavirus outbreak. USD/CNH rallied above 7.08 in response.
- May Day celebrations in continental Europe keep a number of markets closed and
will likely have a dampening effect on volumes and liquidity. US ISM
Manufacturing data for April is the calendar highlight, but there are also final
manufacturing PMIs from US, Australia and UK.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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