EMU: Consumer confidence (flash) disappoints, at -23.5 in March

FXstreet.com (Barcelona) - The preliminary release for the March consumer confidence in the Eurozone improved only from -23.6 to -23.5, disappointing expectations of a rise to -23.3.

Mar 20, 2013

Forex: USD/JPY trading at resistance near 95.54/55

The USD/JPY has surged higher today, recovering from the bout of risk aversion that saturated the markets yesterday. With investors feeling optimistic ahead of the FOMC rate decision, the cross has moved higher (though is off its session highs of 95.66) towards the 95.55/54 region, up +0.43% during US trading.

Forex: USD/CHF trading negatively at 0.9434/39 after EMU confidence

The USD/CHF has been hampered by risk appetite this afternoon during US trading Wednesday. However, the cross received a slight boost after weak Consumer Confidence was reported in the EMU, lifting the pair off its lows of 0.9423. Despite the minor recovery, the pair is still entrenched in negative territory at 0.9434/39, down -0.42%.