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Post-Fed USD decline peters out

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Friday, global currency markets entered calmer waters as the post-Fed decline of the dollar petered out. The dollar even regained slightly ground against the euro and the yen, but the gains were insignificant from a technical point of view. EUR/USD closed the session at 1.1270 (from 1.1318 on Thursday). USD/JPY finished the week at 111.55 (from 11.39 on Thursday evening). This morning, Asian equities show a mixed picture. Most indices record modest losses despite a positive close in the US

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