Europe FX Handover – 27th March 2019
Fawad Razaqzada March 27, 2019 9:04 AM
A snapshot view of currency moves throughout ahead of the US open.
- NZD extended its losses in European session, after the RBNZ shifted to a dovish stance in its meeting overnight.
- EUR remained out of favour, while the GBP gained ground ahead of UK parliament’s non-binding “indicative” votes on the path forward for Brexit. As a result, the EUR/GBP closed in on this year’s low of 0.8472
- European stocks recovered after a slow start, while US index futures also bounced off their lows. It remains to be seen whether the falling government bond yields will spook stock market investors. So far, stocks have shrugged of recession concerns.
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