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  • 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 Edition2015-03-03 07:46 UTC

    EUR-USD has continued to oscillate around the 1.1200 level, which seems to be evolving into an anchor level. Yesterday's five-week low at 1.1160 is now a support point ahead of the major-trend low 1.1098, which was logged on Jan-25 and is the lowest level traded since Jan-2003. USD-JPY failed to sustain gains above 120.00 over the last day, with the Tokyo market driving the pair to a 119.56 low before the pair settled. The reject from 120+ levels fits ... Read More 

  • Asian Edition2015-03-02 19:43 UTC

    The dollar rallied broadly on Monday in N.Y. trade, taking EUR-USD back under 1.1200, and USD-JPY over the key 120.00 level. The firmer greenback came despite softer income and consumption data, a manufacturing ISM report that missed the mark, and weaker construction spending. Risk appetite firmed, as Wall Street moved up, taking the NASDAQ briefly over the 5k mark for the first time in 15 years, while yields firmed, also USD supportive. USD-CAD meanwhile ... Read More 

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