Home / Forex / Market Reviews / Forex Market Review (European Session) – Dollar falls on weaker-than-expected housing starts, flat on the week

Forex Market Review (European Session) – Dollar falls on weaker-than-expected housing starts, flat on the week

Comparing to yesterday’s European session, today’s was a rather quiet one. Remarks by the Bank of Japan Governor spurred the placing of certain positions by forex market participants early in the session. Data pertaining to Eurozone inflation, as well as releases on homebuilding activity and the University of Michigan’s survey on consumer expectations out of the US kept traders busy throughout the rest of the session.

As the European trading day was beginning, the Bank of Japan…

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