The pair EUR/USD has enjoyed a moderate demand amid the continued long positions profit taking after it had reached the psychological level of 100.00 within the dollar index basket (USDX). There were no fundamental factors for the single European currency growth on the first week trading day. By the end of the day the pair euro/dollar had decreased.
The UK National Statistics Office has reported the unemployment reduction in February to 5.6% that led to the UK and the US negative bond yields reduction and supported demand for the pair GBP/USD which had fallen by the end of the day.
The pair USD/JPY has finished the five consecutive trading day in the negative area. Yesterday the pair decreased. The US inflation came out within the forecasted medians at the level of 0.2% which caused the sales wave on the world leading stock exchanges. Lack of demand for the risky assets forced investors to buy the Japanese yen. Against this background, the pair dollar/yen had decreased. However it showed an upward correction by the end of the day.