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Mar 21 - 11:55 PM

EUR/USD - Weakens As Robust US Economy Boosts Dollar

By Krishna K  —  Mar 21 - 11:05 PM
  • EUR/USD down 0.2% on broad dollar strength as U.S. economy outperforms

  • Post-Fed gains evaporate as U.S. c.bank seen as less dovish than its peers

  • Focus turns to ECB after surprise SNB rate cut and dovish BOE on Thursday

  • CNY hurtles past 7.2000 in Asia, 1st time since Nov; boosts bullish USD mood

  • Participation by Powell, other Fed officials in "Fed Listens" event eyed Fri

  • ECB President Lagarde's participation in Euro Summit in Brussels also eyed

  • Fri range 1.0867- 1.0839; 1.0835-40 strong support, break opens 1.0800-05

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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