Wednesday, 29 April 2015

XE Market Analysis: North America - Apr 29, 2015

EUR-USD pushed above 1.1000 amid a general bid in the euro. EUR-JPY extended higher into three-week territory, and EUR-CHF pushed its head above 1.0500. 'Greeoptimism' (new look negotiating team, ECB lifting of ELA), data showing Eurozone bank lending picking up, firm German manufacturing orders and state inflation data, and positioning into the FOMC, were all at play. Sterling tagged along the euro's ride higher, with Cable trading above 1.5400 for the first time since Mar-2, and GBP-JPY foraying further into eight-week high ground.



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