Strong Data Could Boost the Buck’s Fortune into the End of March
The US Dollar finished the week overall lower, althought it was not the worst performer; it outperformed three majors while underperforming the other four.
Why Isn’t Euro Crashing on Cyprus Fears?
For all the scaremongering over Cyprus, you would have expected the Euro to fall off of a cliff against the safe-haven US Dollar and British Pound. It didn’t. Why hasn’t the Euro fallen, and more importantly, can it continue to hold its ground given regional turmoil?
Japanese Yen to Hold Range Ahead of BoJ- Will Kuroda Deliver?
The Japanese Yen continued to consolidate against its U.S. counterpart, but the range—bound price action in the USDJPY may be short lived as Haruhiko Kuroda takes the helm of the Bank of Japan (BoJ).
Sterling Boosted by Haven Flows Thanks to Cyrprus; Data Outlook Soft
The British Pound was a top performer this week, trailing only the resilient New Zealand Dollar and the quizzically strong Japanese Yen, while adding +0.76% against the US Dollar, and +1.42% against the Euro.
Canadian Dollar Outlook Bullish On Low Budget Deficit, Inflation
The Canadian dollar finished slightly lower on Friday after trimming most of its earlier losses against the greenback following Thursday’s release of Canada’s 2013 Budget Report.
Gold Bears Poised as Prices Mount $1600- Cypress In Focus
Gold took another leg higher this week with the precious metal advancing by 1% to close the week at $1608 in New York on Friday.
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Source: Daily fx