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The strongest and weakest currencies as NA traders enter for the day

Discussion in 'Technical Analysis' started by ForexLive, Jul 21, 2016.

  1. ForexLive

    ForexLive Forum Member

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    July 21, 2016: The JPY is the strongest. The NZD is the weakest The ECB kept rates unchanged. The Draghi hour or so press conference will commence at 8:30 AM ET/1230 GMT. The snapshot of the strongest and weakest shows that the JPY is the strongest the NZD is the weakest. The NZD is lower on the back of increased expectation for a RBNZ rate cut. The early release of the economic outlook said additional easing was likely and that is all the market needed to mark down the kiwi. The USDJPY made its way above the 107 level early in the Asian Pacific session but tumbled after the UK Retail Sales came in weaker- sending GBPJPY (down 0.77%) tumbling and dragging the JPY pairs with it. The NZDJPY was also marked lower (down 1.30% from yesterday's close)

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