Forex trading news and economic data headlines 31 March 2017
How about that for an oxymoronic headline?
A morning of prices, shopping and more central bank waffling. Germany kicked off the card with a nice jump in retail sales. The euro did nothing. French CPI held the line. The Euro did nothing. ECB’s Knot said he wants to taper QE over 5 months. The Euro did nothing. Eurozone inflation dropped 5 pips, 3 worse than expected. Guess what happened? 1.0670-1.0697 is the range so far. The only real mover was the yen, which once again saw early buying as Asia swapped sessions with Europe. GBPJPY led the way with just shy of 100 pip move from top to bottom. EURJPY was around half that. USDJPY looked to be sitting pretty above 112.00 first thing but it soon sunk under to 111.70. Another brief look at the big figure failed and we’re back at 111.83.
Forexlive European FX news wrap: ECB get a boost from falling inflation
