Wednesday, 9 March 2016

XE Market Analysis: Asia - Mar 09, 2016

The dollar was mostly lower in N.Y. trade on Wednesday, resulting in EUR-USD heading back to the middle of its recent trading range, over 1.1020 into Thursday's key ECB policy announcement. The only real question remaining is how much will the Bank ease. USD-JPY firmed up over 113.00 on improved risk taking levels, though following the dampened prospects for BoJ easing next week, upside remains a struggle. A constructive BoC, and firmer oil prices took USD-CAD to near four-month lows under 1.3230, while cable found support under 1.4200, later making its way to near 1.4240.



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