1. Hello Guest Click here to check FX Binary Point Financial Directory

An end to the dollar's supply glut? - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at UOB Group noted that the dollar rose against most major currencies on Friday, recovering from a five-month low.

    Key Quotes:

    "EUR/USD saw lows of 1.1256, after ECB’s Praet says interest rates have not reached their lower limit and a rate cut remains part of the ECB armoury.

    USD/JPY, whilst still heavy, has moved higher from the recent lows of 110.67.

    GBP/USD went up to highs of 1.4515 at one point before moving lower on the back of lingering Brexit concerns.

    AUD and NZD have stepped away from the highs, currently around the 0.7595 and 0.6765 regions respectively."
    For more information, read our latest forex news.

Share This Page