Thursday 25 February 2016

XE Market Analysis: Europe - Feb 25, 2016

There hasn't any strong theme in forex markets and most currency pairings have been comparatively steady, though the yen recovered from intraday losses while the Aussie dollar shed nearly 0.5% in making a 0.7151 low against the U.S. buck following disappointing capital expenditure data out of Australia. Brent crude prices are showing moderate losses, correcting some of yesterday's gains. Stocks closed positively on Wall Street, but have been mixed in Asia. Japan's Nikkei 225 closed 1.4% for the better, aided by a flurry of yen weakness, though the currency subsequently rebounded.



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