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13 Mar 2023

EUR/USD: Losses may extend a little more on a break under 1.0635 – Scotiabank

EUR/USD edges back under the 1.07 level. Economists at Scotiabank expect the world’s most popular currency pair to sustain more losses on a break below the 1.0635 mark.

EUR reversal from the highs has been quite significant

“The EUR reversal from the highs has been quite significant and suggests a failure/rejection at the 55-Day Moving Average (1.0716).”

“EUR/USD losses may extend a little more on a break under 1.0635 intraday.”

See: EUR/USD set to extend its race higher toward the 1.0780/1.0800 area – ING

 

Mar 13, 2023

USD Index Price Analysis: Initial support comes at the 55-day SMA

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Japan: No changes to the BoJ monetary stance – UOB

Senior Economist at UOB Group Alvin Liew reviews the latest BoJ monetary policy meeting. Key Takeaways “The Bank of Japan (BoJ) kept its policy measur
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