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March 2016

EURUSD close to the 1.14 mark

Published: Thursday 31 March 2016

Focus this morning has been on EURUSD rate which is teetering close to the 1.14 mark which is its highest level since October last year. This on the back of initial jobless claims which increased by 11,000 to 276,000; the highest since the end of January.

Data from Europe this morning was a bit of a non-event. UK GDP final was slightly better than expected coming in at 2.1 compared to 1.9 expected however this was overshadowed by Euro strengthening from the USD.
Overnight sees some Chinese PMI data and focus will be tomorrow’s US non-farm payrolls. 

Latest FX news by Michael Hart

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