Forex Today: Another U-turn in markets as focus shifts to ECB – by eren_fxstreet Currencies Majors Macroeconomics CentralBanks Commodities
Following Wednesday's intense flight to safety that was triggered by renewed fears over Credit Suisse collapsing after failing to receive additional financial support, market mood seems to have started to improve early Thursday. The European Central Bank will announce its policy decisions later in the day and the US economic docket will feature February Housing Starts, Building Permits and the Federal Reserve Bank of Philadelphia's Manufacturing Survey for March.
In the Asian session, the data from Australia showed that Employment Change was +64.6K in February, better than the market expectation of +48.5K. The snapped a three-day winning streak and lost more than 1% on Wednesday. BTC/USD seems to have regained its traction early Thursday and was last seen rising 1.3% at $24,700.fell nearly 3% on Wednesday but managed to shake off the bearish pressure in the European morning, recovering toward $1,700.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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