GBP, AUD End Week Near 3 Year Highs

• USD Sells Off Despite Stronger PMIs
• GBP Breaks 1.40 on Stronger PMIs
• AUD Shrugs Off Weaker Retail Sales
• NZD and AUD Hit Highest Levels Since March 2018
• EUR Rally Supported by Rise in PMI
• CAD Unfazed by Weaker Retail Sales

Money, Money Laundering, Seem, Euro Bills, Currency

Image Source: Pixabay

There were some big moves in currencies on Friday which was no surprise given the busy economic calendar. GBP/USD rose above 1.40 for the first time since April 2018, while AUD/USD and NZD/USD climbed to their strongest level since March 2018. Investors looked past softer economic reports in favor of stronger releases. The U.S. dollar sold off across the board as stocks rebounded from yesterday’s decline. Existing home sales and PMIs were stronger.

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