Morning FX Market Commentary

Draghi and Carney guide euro and sterling lower.

The ECB and the Bank of England give markets forward guidance (or prepare to do so). De facto this translates in a commitment to keep rates low for an extended period of time. Sterling and the euro tumbled sharply lower. Sterling was hit even a bit harder than the euro. A strong US payrolls report should help the dollar to further gains against both currencies.

Read the full report: FX Daily

 

KBC