FX MARKET REPORT 11.03.2021

FX MARKET REPORT 11.03.2021

FX MARKET REPORT 11.03.2021

Daily Commentary
FX MARKET REPORT 11.03.2021
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FX MARKET REPORT 11.03.2021

The GBP/USD pair looks to be stabilizing above its 55-day moving average at 1.3761 and weakness stays seen as corrective prior to the core bull trend resuming towards the recent reaction high at 1.4017, Credit Suisse appraises. EUR/USD is up for the third session in a row on Thursday and reclaims the 1.1970 region, or multi-day highs, on the back of the moderate leg lower in the greenback. The dollar index fell to its lowest in a week early in Thursday’s European session and there was a mild “risk on” tone in currency markets, as attention turned to the European Central Bank’s policy meeting. The dollar was down around 0.2% at 91.606 against a basket of currencies, having dropped from the three month high of 92.506 it reached on Tuesday.

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The GBP/USD pair looks to be stabilizing above its 55-day moving average at 1.3761 and weakness stays seen as corrective prior to the core bull trend resuming towards the recent reaction high at 1.4017, Credit Suisse appraises. EUR/USD is up for the third session in a row on Thursday and reclaims the 1.1970 region, or…

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