March 17, 2016: NZD is the strongest. USD is the weakest.
The greenback continued it's slide after the FOMC decision left traders pondering whether there will be any additional Fed action in 2016. Sure they cut the dot plot to 2 from 4 hikes, but we have seen this story play out before. They have the courage of 1000 matadors at the beginning of the year, then ratchet down as each meeting comes and goes. The strongest currency is the NZD at the morning snapshot. GDP came in stronger at 0.9% vs 0.7% for the 4Q.
Looking at the ranges and changes, the major currency pairs vs the USD are nearer the low dollar levels but off the dollar lows. The ranges are robust vs. the greenback. The cross currency pairs are not as volatile.
The BOE is up next. The GBP pairs make for an interesting mix. It is stronger against the USD, but down against all other pairs. NO change is expected.
