March Daily Review - 27/03

 

During today’s early trading session, Asian stocks traded lower as investors took profits before the first quarter ends. Following the release of mixed Japanese data the Yen strengthened against a basket of major currencies. The yearly and monthly household spending showed better than expected figure, however, the National Core CPI and Retail Sales came out negative.

During today’s early U.S. trading session, negative data weakened the Dollar against the Euro, however, losses were limited as more economic reports showed that the Michigan consumer expectations and sentiment beat analysts’ expectations.

Later today Fed Chair Yellen will be speaking, currency traders will listen closely for any clues on future monetary policy. It is likely that we will see the reaction to her comments when markets open again after the weekend.

 

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