Friday, 26 February 2016

XE Market Analysis: North America - Feb 26, 2016

The main currencies were mixed, with EUR-USD reversing lower from a four-day peak at 1.1068 following weak data out of the Eurozone, USD-JPY slipping back under 113.00 after also logging a four-day high, at 113.22, despite a backdrop of firming oil prices and equity markets. Risk-on was given tonic by PBoC Governor Zhou and China's finance minister Lou, who remarked from the G20 gathering gin Shanghai that China has room to increase stimulus.



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