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EUR/USD2015-03-02 10:15 UTC

EUR-USD recovered the 1.1200 handle after declining below Friday's low at 1.1176 during the Asian session. leaving a low of 1.1160, the lowest level seen in five weeks. This draws the major-trend low 1.1098, seen on Jan-25 and the lowest level traded since Jan-2003, a little closer. Bounces have remained limited. While the baseline message from Feb boss Yellen's testimonies last week was that the Fed is in not immediate rush to tighten ... Read More 

XE Market Analysis

  • North American Edition2015-03-02 10:15 UTC

    EUR-USD recovered the 1.1200 handle after declining below Friday's low at 1.1176 during the Asian session. leaving a low of 1.1160, the lowest level seen in five weeks. USD-JPY broke above recent highs at 119.79-84 on route to an 18-day high at 119.95. Higher stock markets in Japan and in Asia more generally, boosted by the combo of China's rate cut and above-forecast PMI data out of China and Japan, aided the yen lower, which followed its usual inverse ... Read More 

  • European Edition2015-03-02 07:25 UTC

    EUR-USD declined below Friday's low at 1.1176 to a low of 1.1160, which is the lowest level seen in five weeks. This draws the major-trend low 1.1098, seen on Jan-25 and the lowest level traded since Jan-2003, a little closer. USD-JPY broke above recent highs at 119.79-84 on route to an 18-day high at 119.95. Higher stock markets in Japan and in Asia more generally, boosted by the combo of China's rate cut and above-forecast PMI data out of China and ... Read More 

  • Asian Edition2015-02-27 22:06 UTC

    The dollar was mostly firmer through the N.Y. session on Friday, as a lowered, but better than forecast Q4 GDP revision helped the greenback, while a soft Chicago PMI print was partially offset by better Michigan sentiment and pending home sales data. From a peak of 1.1245, EUR-USD slipped to new lows of 1.1176, as USD-JPY bounced over 119.75 from lows near 119.25. USD-CAD found support into 1.2450, before bouncing over 1.2525. Cable found buyers at ... Read More 

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