Friday, 4 March 2016

XE Market Analysis: North America - Mar 04, 2016

The dollar lost ground to the euro ahead of the U.S. jobs report as the shared currency picked up some demand following strong Eurozone February PMI data and a report that the ECB governing council hasn't reached a consensus ahead of next Thursday's policy meeting, according to unnamed sources cited by MNI. EUR-USD logged a one-week high of 1.0990, breaching above the 50-day moving average on route. EUR-JPY also traded higher. USD-JPY, meanwhile, recouped to the upper 113s after seeing a three-day low at 113.24 during the Tokyo session.



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