Friday, 4 March 2016

XE Market Analysis: Europe - Mar 04, 2016

The AUD, NZD and emerging nation currencies gained ground against the USD, JPY and other currencies, continuing to outperform as stocks in Asia built on weekly gains, posting the best winning streak of the year in many cases. AUD-USD logged a three-month high at 0.7376, and AUD-JPY a one-month peak. USD-JPY, meanwhile, recouped to near 114.00 from the low 113s. EUR-USD consolidated in the mid-1.09s after yesterday's short-covering rally following above-forecast data out of the Eurozone.



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