EUR/USD: Buy
EUR/USD is slowly rising and attempting to surpass the 1.0830 level.
The US dollar is declining amid diminishing expectations for Federal Reserve (Fed) monetary policy easing.
Uncertainty remains about the timing of reaching the 2.0% inflation target.
The euro is supported by data on consumer confidence in the Eurozone.
Market attention is focused on statistics on business activities in Europe and the US.
GBP/USD: Buy
GBP/USD is trading around the 1.2640 level, and market movements are quiet.
Investors are cautious ahead of the release of February statistics on business activities in the US and UK.
UK manufacturing may see slight improvement, but the service sector could contract.
Data on jobless claims in the US is expected to be released.
NZD/USD: Buy
NZD/USD is showing active upward movement and aiming to exceed the 0.6200 level.
Weakness in the US dollar is supporting the upward trend of the New Zealand dollar.
Deterioration in New Zealand’s economic statistics is not hindering the NZD’s rise.
New Zealand’s retail sales data is being watched closely.
USD/JPY: Strong Sell
USD/JPY is trading around the 150.30 level, with limited upward movement.
Doubts persist about achieving the inflation target despite minutes from the Fed and comments from Federal Open Market Committee (FOMC) members.
The Japanese yen is facing some pressure from statistics on Japanese business activities.
Japan’s manufacturing PMI dropped in February.
