2009-03-19 05:19 (UTC)
The Euro and the British Pound consolidated in narrow ranges in overnight trading after an unexpectedly dovish statement from the US Federal Reserve triggered a US Dollar selloff, pushing EURUSD and GBPUSD sharply higher. Switzerland’s Trade Balance and ZEW survey of investor confidence are on tap in European hours.
Key Overnight Developments
• Australian Annual Car Sales Lowest in 7 Years
• Japan May Inject Capital into Failing Companies, Says LDP Chief
• Euro, British Pound Consolidate After FOMC Sparks Rally
The Euro and the British Pound consolidated in narrow ranges in overnight trading after an unexpectedly dovish statement from the US Federal Reserve triggered a US Dollar selloff, pushing EURUSD and GBPUSD sharply higher.
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