EM ASIA slightly firmer

The dollar was further weighed by dismal U.S. housing data
pointing to sharply weaker economic growth in the first quarter.
That added to growing views that the prospect of a Federal
Reserve interest rate hike in June looked slim.
    Analysts said political uncertainty stemming from the first
round of the French presidential election this weekend and
tensions over North Korea also capped gains in Asian currencies.
    "While I suspect the worst of the geopolitical risk is
behind us, we are still ways away from closing the chapter on
Korean peninsula risk," Stephen Innes, senior trader at OANDA
said.

Reuters


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Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes