Thursday, 31 March 2016

XE Market Analysis: North America - Mar 31, 2016

The dollar extended Yellen-inspired declines against the euro, which was the chief benefactor of the dynamic, while ebbing back toward lows versus other currencies. This put EUR-USD at a 1.1383 peak after breaching the February high, trading at levels last seen in October. EUR-JPY, meanwhile, nudged out a six-week peak at 122.87. A slew of data out of the Eurozone added weight to dovish arguments at the ECB, but cast little impact on the euro, USD-JPY traded heavily, but held above yesterday's low at 112.01.



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