XE Market Analysis: North America – Mar 08, 2018

The dollar majors lacked direction into the ECB policy announcement. USD-JPY has remained within yesterday’s range so far today, posting a range so far of 105.89-106.20. EUR-USD has settled to the upper 1.2380s, trading softer today after rallying in the five previous sessions, yesterday leaving a 19-day high at 1.2446. EUR-JPY and the euro crosses have been seeing a similar price action. A Bloomberg report alleging that the ECB has lifted its 2018 growth projection had little impact on the euro, although it lifted Bund yields. The market is hunkered down ahead of the ECB announcement.

Source: XE news feed
XE Market Analysis: North America – Mar 08, 2018