Dollar Steadies Amid Holiday-Thin Trade

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1. Dollar Steadies Amid Holiday-Thin Trade

The dollar steadied against a basket of currencies on Friday after hitting a 2-1/2-week high overnight as data pointed to a sturdy U.S. economy, while the euro was dented by weak manufacturing activity in Europe. Many financial markets were closed for Good Friday, Easter holiday today. Currency markets remain open but volume is expected to be light.*

2. Tesla’s Elon Musk Gets Another Week To Work Out Deal On Twitter Use

Tesla (TSLA) Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission will get another week to settle a dispute over Musk’s use of Twitter, a federal judge ruled Thursday. U.S. District Judge Alison Nathan in Manhattan extended the deadline by one week to April 25, in response to a Thursday court filing where both sides requested the extension and said “discussions are ongoing.”**

3. Australia Stocks Edge Higher

Australia stocks were higher after the close on Friday, as gains in the Energy, Telecoms Services and Utilities sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.05%. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 1.87% to 10.914. AUD/USD was up 0.06% to 0.7154 as of 7:30 GMT.***

 

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*Source: CNBC Apr 19, 2019 2:48 AM ET
**Source: Reuters Apr 19, 2019 3:53 AM ET
***Source: FXStreet Apr 19, 2019 03:07 AM ET

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