Forex headlines for January 27, 2016:
Fed:
RBNZ:
– RBNZ January statement compared with December – spot the difference
Everything else:
– US 10-year yields up 0.05 bps to 1.999%
The FOMC was the focus of the day and that helped to keep markets generally in check in the hours leading up to the decision. After it was released the moves were initially choppy. EUR/USD hit a US low and stocks climbed but that reversed later and risk trades suffered. The euro rose above 1.0900 but struggled above the earlier high. It eventually cleared it by a couple pips but then finished back below the big figure.
