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ECB comments boost EUR/USD
The EUR/USD was already lifting to session highs above 1.0510, when a comment from an ECB official boosted it further. The comments from Schnabel, stating that the ECB only has limited room for further rate cuts has sent the EUR/USD jumping towards the high seen yesterday, at 1.0545. The high seen just now was set at 1.0540. To be honest these comments do contradict other members and have also surprised the markets. The EUR/USD is currently trading at 1.0532
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EUR/USD takes out 1.0800 again
The push above 150 in the USD/JPY this afternoon has now extended and that has seen the dollar rise to around 150.25. At the same time this has added... -
S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
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USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
