Global Currencies Prepare for Mr. Draghi
The USD edged up yesterday as the US corporate earnings season got off to a positive start with Alcoa releasing positive numbers and revising forecast upwards. Investors are now waiting for today’s European and British central bank monetary policy meetings. The euro bought $1.3061 yesterday and declined in the Asian session to $1.3049. Weak eco data from the eurozone also weighs on the currency.
The dollar climbed to 88.08 yen and rose against the Swiss currency, to 0.9263 francs from 0.9241 francs. Sterling also eased against the greenback to trade at 1.6014. Continue Reading...
The dollar climbed to 88.08 yen and rose against the Swiss currency, to 0.9263 francs from 0.9241 francs. Sterling also eased against the greenback to trade at 1.6014. Continue Reading...
By FX Empire Analyst - Barry Norman
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