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EUR/GBP fluctuates as energy-led Eurozone inflation contrasts with fragile UK growth
EUR/GBP trades in a choppy range on Tuesday, as traders digest the latest economic data from both the United Kingdom and the Eurozone. At the time of writing, the cross is trading around 0.8691, rebounding after marking an intraday low of 0.8676.
Fxstreet
Tue, Mar 31
GBP/JPY Price Analysis: Pound remains weak below 211.00
The Pound (GBP) is posting a fragile recovery attempt against the Japanese Yen (JPY) on Tuesday, following Monday’s sharp reversal. The pair found support at 210.00 on Monday, but recovery attempts remain limited below a previous support level around 211.00.
Fxstreet
Tue, Mar 31
USD/CHF rises for sixth day as risk sentiment improves, SNB stance weighs on Franc
USD/CHF advances on Tuesday, rising 0.12% to trade near 0.8005 at the time of writing, extending a six-day winning streak. The pair is supported by a slight advantage for the US Dollar (USD) and relative weakness in the Swiss Franc (CHF) amid improving global risk appetite.
Fxstreet
Tue, Mar 31
EUR/USD: Rate repricing and oil shock cap upside – ING
ING’s Chris Turner notes short-dated Euro swap rates have started to edge lower after a sharp spike, but real rate differentials have moved against EUR/USD. He argues this could be Euro-negative if the ECB refrains from an April hike while inflation expectations stay high.
Fxstreet
Tue, Mar 31
NZD/USD Price Forecast: Remains subdued near 0.5700, four-month lows
NZD/USD extends its losing streak for the sixth successive day, trading around 0.5710 during the European hours on Tuesday. The technical analysis of the daily chart signals a persistent bearish bias as the pair is moving downwards within a descending channel pattern.
Fxstreet
Tue, Mar 31
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