Tuesday, 1 March 2016

XE Market Analysis: Europe - Mar 01, 2016

There has been some chop but no big net movement among currencies during a data-packed session in Asia. USD-JPY rebounded to fractionally higher on the day, above 112.80, after logging a five-day low at 112.16. EUR-JPY set a 35-month low at 122.07 before rebounding above 122.70. EUR-USD, meanwhile, consolidated moderately higher, in the upper-1.08s, above the one-month low of yesterday at 1.0859. Sterling also held relatively steady, despite Brexit concerns. AUD-USD rebounded above 0.7160, after posting an 11-day low at 0.7109.



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