Wednesday, 30 March 2016

Under pressure

The US dollar remains under pressure for a second straight day of trading after the surprisingly cautious speech by Fed president Janet Yellen on further increases in US interest rates this year.
Earlier today, the euro rose to 1.1338 dollars - slightly below its highs for the year around 1.1342 / 76 area before stabilizing around the 1.1300 level. And it was just beaten after the another report, showing how funky strong is the job growth in the US for March.


The British pound rose to a 10-day high of 1.4451 dollars glancing  4-week high of 1.4513 dollars, struck on 18 March, despite the bell rings inside UK, that’s challenging the doors of Brexit.
Meanwhile, the dollar fell to nearly 10-day low of 112.02 yen, but the good risk-appetite of global capital markets cut the appreciation of the Japanese currency since it lost its safe heaven status.

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