Checking Market Activity on Smart Phone
Markets

ForexLive European morning FX news wrap: US$ suffers further losses post-Yellen but buyers lurking again.

Forex news and economic headlines 30 March 2016

News:

Data:

The session started off with a further slap in the face for the greenback after Yellen's speech yesterday but US$ bulls have not been too far away from the action.

The pound led the way after USDJPY wobbled lower through 112.50 dragging the Nikkei lower too and as the fall-out continued to 112.02 we saw cable up through 1.4420 resistance only to run into fresh supply at 1.4450. EURGBP demand into 0.7830 also helped cap the move and we've since back to 1.4380 and 0.7871.

The euro was also getting some support from stronger regional CPI data out of Germany and that's helped EURUSD up to 1.1332 before running into decent offers. Dip demand on core pairs also saw EURJPY hold 127.00 so far.

AUDUSD and NZDUSD continued to enjoy the limelight but barrier option defence at 0.7700 has seen a retracement to 0.7653 with NZDUSD following it back down as traders booked some profit.

USDCAD suffered a double whammy of softer $ and firmer oil but has survived a test of 1.3000 from 1.3080 so far while USDCHF has been on the back foot but finding a little EURCHF-related support.

Now we wait to see whether North American desks have a continued appetite to carry on where they left off yesterday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos