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19 Mar 2015
Session Recap: USD recovers post-FOMC
FXStreet (Edinburgh) - The greenback is reclaiming part of the recent sharp losses, intensified yesterday after markets interpreted the FOMC statement and the press conference by Janet Yellen as unexpectedly dovish.
The dollar is markedly up in the G10 space, advancing almost 2% vs. the euro and sending EUR/USD back to the low-1.06s after climbing as high as 1.1060 in the wake of Yellen’s presser on Thursday. GBP/USD is retaking the mid-1.4800s after bottoming out in the vicinity of the 1.4800 handle earlier on, and USD/JPY is looking to assault 121.00.
Markets in Euroland remain in the positive territory with the exception of the German DAX, while Gold is up almost 1% around $1,160 and the barrel of WTI is down nearly 4% in sub-$43 levels.
The dollar is markedly up in the G10 space, advancing almost 2% vs. the euro and sending EUR/USD back to the low-1.06s after climbing as high as 1.1060 in the wake of Yellen’s presser on Thursday. GBP/USD is retaking the mid-1.4800s after bottoming out in the vicinity of the 1.4800 handle earlier on, and USD/JPY is looking to assault 121.00.
Markets in Euroland remain in the positive territory with the exception of the German DAX, while Gold is up almost 1% around $1,160 and the barrel of WTI is down nearly 4% in sub-$43 levels.