Friday, 22 January 2016

XE Market Analysis: Europe - Jan 22, 2016

Euro weakness, commodity currency strength has been the central theme in forex markets in the wake of the ECB's dovish guidance yesterday. The biggest mover has been the Russian rouble, which is up 3% against the dollar, and by more than this versus the euro as a 4%-plus rebound in oil prices sparked a rebound from record lows. EUR-AUD, EUR-NZD and EUR-CAD are also down notably today. AUD-USD climbed back above 0.7000 for the first time in eight days.



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