USD Bounces Off 200DMA, MXN Rallies as Trump Suspends Tariffs - US Market Open

MARKET DEVELOPMENT – USD Bounces Off 200DMA, MXN Rallies as Trump Suspends Tariffs

市场发展 - 由于特朗普暂停关税，美元反弹200DMA，MXN反弹

MXN: The Mexican Peso rallied following the decision by the US to suspend trade tariffs, consequently, the Peso has pared the entirety of its initial drop. In turn, this had also supported risk appetite with equity markets modestly higher to begin the week.

MXN：墨西哥比索在决定后反弹由于美国暂停贸易关税，因此，比索已经完全削减了其最初的下降。反过来，这也支持风险偏好，股票市场在本周开始略微走高。

GBP: A slew of weak UK data, most notably a monthly contraction in GDP sees the Pound on the backfoot with GBPUSD back below 1.27, while EURGBP trades at the highest level since mid-January with the cross edging toward the mid-0.89s (full analysis). Consequently, the soft data goes against the recent hawkish undertones provided by the BoE Chief Economist Haldane, who suggested that a rate rise could take place in the near-term in order to curb inflation.

英镑：英国的一小部分弱势数据，尤其是每月国内生产总值萎缩，英镑兑美元在英镑兑美元下方回落至1.27以下，而欧元兑英镑自1月中旬以来的最高水平交易，交叉盘位于0.89中旬（全面分析）。因此，软数据违背了英国央行首席经济学家霍尔丹提出的近期强硬态度，他暗示可能在短期内加息以抑制通货膨胀。

USD: A rosier start to the week for the greenback which is paring some of its NFP inspired losses against major FX counterparts, while the USD had also found support from holding its 200DMA. With the Fed now in blackout period eyes will be on the raft of key US data points (CPI, retail sales and U. of Michigan Survey) to confirm whether the Federal Reserve will be looking to cuts rates in the near-term.

Source: DailyFX, Thomson Reuters

来源：DailyFX，Thomson Reuters

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