When you ever wanted proof that foreign currency trading is rarely nearly one factor, this was the week. Between a conflict within the Center East holding oil markets on edge, six main central banks dropping coverage selections inside days of one another, and a triple-witching Friday throwing a wrench into the combo — the forex market had rather a lot to digest from March 16 to twenty.
The throughline? Geopolitics and central financial institution tone had been in a continuing tug-of-war, and the currencies that got here out on prime had been those with the clearest coverage story to inform. Those caught within the center? Let’s simply say it was a protracted week.
Whether or not you are still studying what “hawkish maintain” means otherwise you’re beginning to piece collectively how oil costs connect with the Canadian greenback, this recap breaks all of it down — session by session, forex by forex.
