Currency Exchange Rates Show Limited Movement Amid European Markets Closure

Monday, 1 April 2024, 06:51

Learn about the subdued currency market conditions due to the closure of major European markets on Easter Monday, leading to minimal trading activities. Key highlights include USD/JPY maintaining levels above 151.00, EUR/USD struggling below 1.0800, GBP/USD nearing support at the 200-day moving average, and AUD/USD hovering above 0.6500. Eyes are set on the upcoming US jobs report as the potential market-moving event.
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Currency Exchange Rates Show Limited Movement Amid European Markets Closure

FX Market Overview:

Major European markets remain closed on Easter Monday, resulting in thin liquidity and limited trading activities.

Key Currency Pair Movements:

  • USD/JPY: Holding above 151.00 level.
  • EUR/USD: Struggling below 1.0800 with support at 1.0780 trendline.
  • GBP/USD: Above 200-day moving average at 1.2588.
  • AUD/USD: Maintaining above 0.6500 support.

The US jobs report expected to influence future price action.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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