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FX Trends At Asia Open: AUD, NZD And CAD Are Best Gainers

Published 03/03/2016, 02:36 AM
Updated 07/09/2023, 06:31 AM
GBP/USD
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AUD/USD
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USD/CAD
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NZD/USD
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USD/ZAR
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USD/TRY
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USD/MXN
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Risk rally continues, with the real gainers here being commodities and commodity currencies. AUD, NZD and CAD are the best gainers. They are followed by emerging market currencies ZAR, TRY, MXN and alike. Asian currency rally has slowed down a bit along with the equity rally.

GBP has stabilized with rates climbing higher following US rates. European interest rates have stalled but are not really rising. Not much, anyway, ahead of the ECB meeting, but tension is surely building there. This time they do have to deliver. We might see an intraday correction in the trends, however there is no apparent reason for a change of direction.FX Pairs Trends Chart

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