Wednesday 16 March 2016

XE Market Analysis: North America - Mar 16, 2016

The dollar majors traded steadily as markets anticipate the FOMC announcement, with the dollar itself consolidating after rising in trade-weighted terms on each of the previous three trading days EUR-USD continued to orbit the 1.1100 level, while USD-JPY lifted above 113.50 during Tokyo trade after BoJ governor Kuroda said that "an additional rate cut to minus 0.5 per cent is possible, in theory," but the pair remained shy of yesterday's peak at 114.15.



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