USD/JPY
Yesterday, the Yen was on an upswing against the USD, reaching a 2 week peek. It finished the day trading around the 82.85 level. This resulted in a decline in the USD/JPY pair. With risk aversion in the air due to a less than expected positive global growth outlook, the pair remains under a lot of pressure; however, against the euro and GBP, the Greenback found support ahead of the coming Easter/ bank holidays.
USD/CAD
With the US recovery seeming to be in motion, traders are expecting an upward trend for this pair. Optimism is based on the fact that employment is on the rise (for the 5th quarter in a row) and there’s a continued rise in sales and profit margins. Additionally, oil prices are coming down from recent highs and global growth prospects are worsening. All this led to the pair holding at around the 0.97 level yesterday.
Postar um comentário
Muito obrigado por sua participação.