ForexLive European FX news wrap: Steady as we go again

Author: Mike Paterson | Category: News

Forex and cryptocurrency news from the European morning trading 12 Mar 2018


Early wrap today for European readers as NA desks are now on Daylight Savings Time.

A very steady start to the new week with some yen demand notable again as Japanese year-end approaches.

USDJPY failed at 107.00 again in Asia and been down to 106.35 before trawling around 106.50 but the yen demand has sent GBPJPY down to 147.50  EURJPY 131.05 AUDJPY 83.74 capping core pairs and nudging them lower to 1.3845, 1.2295 and 0.7854 to name just three.

USDCHF and USDCAD have both traded tightly too but finding some dip demand and making a few gains during to the session.

Bitcoin opened above $9000 after last week's retreat tested $8500 and we've seen highs above $9800 in a steady session.

Commodities generally lower with gold falling from $1322 to 1315 and WTI drifting down to $61.45 from $62.00

No data or speakers on the slate today so let's see if NA desks can liven things up