Thursday, 14 April 2016

XE Market Analysis: North America - Apr 14, 2016

The dollar continued to hold firmer. EUR-USD fell to a 16-day low at 1.1234, mostly on the back of broad dollar strength, though the euro subsequently lifted back above 1.1250-60 following an unexpected revision higher in final March Eurozone CPI data, to 0.0% y/y from the -0.1% prelim estimate. The yen settled, firming back to the low 109s against the dollar after logging a one-week low at 109.54. A positively risk-on session in Asian gave way to a more mixed session in Europe, where many major indexes traded modestly in the red.



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