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19 Mar 2015
EUR/USD: Settled down post profit bookings
FXStreet (Guatemala) - EUR/USD is currently trading at 1.0887 with a high of 1.0920 in Asia and a low of 1.0814.
EUR/USD is currently settled after the storm that was the FOMC announcements and aftermath reaction in the market that had the greenback kicked into touch and supply swooping the market supporting a rally in the euro and out of danger zone 1.05 territory, even testing on top of the 1.10 handle.
Analysts at Rabobank noted the move and explained, " Underlining just how much these central bank policy shifts mean for markets, EUR/USD went on a wild ride, spiking from 1.0591 at the open to 1.1043 before retracing to 1.0850: we have repeatedly warned that currency wars were going to get worse ahead; well here is ‘Exhibit A’ – and what will happen if the Fed back-track even further? How will the ECB and BOJ, both struggling to reflate their economies, respond?"
EUR/USD is currently settled after the storm that was the FOMC announcements and aftermath reaction in the market that had the greenback kicked into touch and supply swooping the market supporting a rally in the euro and out of danger zone 1.05 territory, even testing on top of the 1.10 handle.
Analysts at Rabobank noted the move and explained, " Underlining just how much these central bank policy shifts mean for markets, EUR/USD went on a wild ride, spiking from 1.0591 at the open to 1.1043 before retracing to 1.0850: we have repeatedly warned that currency wars were going to get worse ahead; well here is ‘Exhibit A’ – and what will happen if the Fed back-track even further? How will the ECB and BOJ, both struggling to reflate their economies, respond?"