XE Market Analysis: Europe – Dec 14, 2016

Narrow ranges have been the order of the day so far in currency markets as markets hunker down into the Fed’s policy announcement and guidance, which will come with updated economic forecasts from the central bank. EUR-USD drifted about 25 pips, back to around 1.0650, but has remained below yesterday’s six-day peak at 1.0667. USD-JPY dipped under 115.0, moderately lower. Mixed trade has been seen among Asian equity bourses. The Nikkei 225 closed near net flat, Australia’s ASX outperformed in the Pacific region with a 0.7% gain, while the Shanghai Composite was showing a 0.5% at the time of writing.…

Source: XE news feed
XE Market Analysis: Europe – Dec 14, 2016