Forex market reviews

Most of the majors closed last week down against USD. The Swiss franc fell by 1.15%, the Kiwi dollar by 1.12%, the pound by 0.55%, the euro by 0.49%, the Canadian dollar by 0.49%, and the Aussie dollar by 0.30%. Only the Japanese yen gained ground against the dollar with a rise of 0.08%. Over the course of Good Friday, the euro dropped to 1.1226 before recovering to 1.1248.

On Tuesday the 16^th of April, trading on the euro closed down. The EURUSD pair was knocked off its perch of 1.1314 by Reuters, which reported that ECB policymakers doubt the bank’s projected economic growth figures for the second half of 2019, saying that they’re too optimistic. Within two hours, the pair had returned to the 1.1314 resistance, but failed to remain there. Trading on the euro closed in the lower half of the intraday range.