ForexLive European FX news wrap: Greenback being grabbed while ECB casts a shadow

Author: Mike Paterson | Category: News

Forex and cryptocurrency news from the European morning trading 8 Mar 2018

                   Happy International Women's Day to all our readers

Not the liveliest of sessions but we've seen some USD demand return overall and Bitcoin rally back above $10000.

USDJPY held above 105.80 in an early move and has nudged its way back up to 106.15 but tempered by yen pairs still falling with GBPJPY and CHFJPY leading the way again.

USDCHF has taken full advantage, perhaps with ongoing SNB help, and posted 0.9470 from 0.9430 with EURCHF underpinned at 1.1680 and posting 1.1720.

GBPUSD  has fallen from 1.3900 to test 1.3851 support/demand while EURUSD has also fallen to post 1.2369 session lows after failing to hold above 1.2400.

USDCAD staged an early rally of its own from 1.2880 and after pausing at 1.2925 has gone on to post 1.2950 while AUDUSD has drifted down 0.7793 with options in play.

Bitcoin had an early Asia attempt to get back above$10k only to fall back to $9500 but finally popped over before giving up once again.

It's the ECB in focus though with the statement at 12.45 GMT then presser at 13.30 GMT with some CAD housing data out then too.