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Forex Flash: USD/CAD at highest level in nine months - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the US dollar rose to CAD1.0340 early Friday, its highest level in nearly 9 months, but reversed lower and finished Friday on its lows.

He sees that there is a bearish divergence with the momentum indicators which suggests that the move since February is complete and a correction is likely at hand. He writes, “A dollar pullback toward CAD1.0170-CAD1.02 maybe seen in the coming days and test the breakout from the downtrend going back to Oct 2010.”

Forex Flash: Mr. Kuroda as dovish as expected - Nomura

Nomura Strategist Yujiro Goto notes that BOJ governor candidate Mr. Kuroda today showed his dovishness at a confirmation hearing in the lower house.
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Forex: EUR/USD in quick jump on US ISM New York

The US ISM New York index for February triggered an upside reaction in the EUR/USD, jumping 10 pips from the 1.3000 mark. The pair is still counting daily losses while below the week start price of 1.3018.
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