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USD/CAD2015-03-05 11:43 UTC

USD-CAD has drifted to the low 1.24s after the BoC left policy unchanged on Wednesday, though the pair still seems to be in the orbit of the 1.2500 level, which has become something of an anchor level in recent weeks. The 20-day moving average is also presently sitting at 1.2496, by coincidence, and the average has turned slightly downward sloping over the last week for the first time since last September, highlighting and overall ebbing in ... Read More 

XE Market Analysis

  • North American Edition2015-03-05 11:43 UTC

    The dollar continued to trade firmly. EUR-USD extended further into 11-year-plus low territory in Asian trade, which left a low at 1.1026, before settling to choppy trade around 1.1050 during the European AM. Euro losses came as markets anticipate today's ECB post-meeting press conference, which is expected to bring details of the QE program and a decision on the reinstatement of the Greek collateral waiver. USD-JPY punched above 120.00, leaving a ... Read More 

  • European Edition2015-03-05 07:51 UTC

    EUR-USD extended further into 11-year-plus low territory, making 1.1026 in Asia, as markets anticipate today's ECB meeting, which is expected to bring details of the asset purchase program and a decision on the reinstatement of the Greek collateral waiver. Real money fund sellers and a perky dollar yield advantage, with the 10-year T-note over Bund differential pushing cycle highs near 176 bp this week (though down slightly over the last day), have ... Read More 

  • Asian Edition2015-03-04 19:03 UTC

    The dollar was mostly higher in N.Y. on Wednesday, resulting in EUR-USD dropping to fresh 11-plus year lows of 1.1062. The market has been selling into Thursday's ECB meeting, where details of the QE plan will be revealed. USD-JPY moved up from 119.50 to 119.80, though talk of offers from 120 capped gains. USD-CAD bucked the trend as a relatively neutral BoC statement supported the CAD. Cable meanwhile, gave back the 1.53 handle, trading into 1.5255 lows. ... Read More 

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