XE Market Analysis: Europe – Apr 26, 2017

EUR-JPY continued as the dominant mover in forex markets today. Expectations for U.S. tax cuts and the perceived passing of political existential risk in the Eurozone have continued to feed a global stock market rally, a backdrop which is keeping the yen under pressure. A Reuters article, meanwhile, citing unnamed sources, reported that ECB members are readying to shift their policy stance at its June policy meeting, which we think will likely be a removal of its easing bias.

Source: XE news feed
XE Market Analysis: Europe – Apr 26, 2017