Tuesday, 22 March 2016

XE Market Analysis: North America - Mar 22, 2016

The attacks in Brussels drove the yen higher while overshadowing data releases. The dollar, aside from the case against the yen and one or two other examples, traded mostly firmer, holding the tone set by yesterday's showing of hawkish Fed speakers. Sterling, meanwhile, underperformed after Moody's said that the economic costs of Brexit would be greater than the benefits of remaining in the single market. UK February CPI also undershot expectations, though the pound's lows had already been set by the time of the data release.



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