Forex News 31 March 2022

 

Dollar

  • EUR/USD down 0.3 percent to 1.1123 on the day
  • The push and pull for the dollar continues this week, with USD/JPY now inching back up to near 122.00 after touching a low of 121.35 earlier in the session. Elsewhere, the EUR/USD is marked lower to 1.1123, with the greenback advancing slightly across the board.
  • A return to the mid-March highs around 1.1121-37 would be a blow to buyers’ momentum in EUR/USD, though the key hourly moving averages are still seen far away @ 1.1033-53 for the time being.
  • There isn’t much in the way of headlines to work with this week as flows continue to play out.
  • The GBP/USD is down slightly to 1.3110 from around 1.3148 earlier today, while the AUD/USD is down 0.5 percent to 0.7472 as buyers struggle to keep above 0.7500.
  • Just keep in mind that today is also month-end and quarter-end trading, so things may be a little choppy.
  • USD/JPY falls 0.3 percent to 121.45 on the day The pair is down to fresh lows on the day as the push and pull now favours sellers a little more.

 

 

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