Wednesday, 30 December 2015

XE Market Analysis: Europe - Dec 30, 2015

Directionless ensues in forex markets among the dollar majors. EUR-USD is settled in the low 1.09s after surviving a brief dip to 1.0899 yesterday. This level and Monday's peak at 1.0982 look likely to mark the low and high water marks of final-week trade in 2015. USD-JPY has steadied in the mid-120.00s, above the 10-week low at 120.16 that was seen on Monday. Sterling has managed a thin-market rebound after posting a thin-market decline yesterday. Cable has recouped to the mid-1.48s after posting a seven-month low at 1.4785 yesterday.



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