The Forex Market Insight Report shows charts on different major currencies and commodities, with brief commentaries on how new data releases and news cause movements in the market.

Headlines:

  • US existing home sales fell from expected $5.1M to 4.88M which is a 9.6% drop in February
  • AUD and NZD climbed for a second day as higher oil prices increased demand for currencies linked to commodities
  • Euro reached its highest levels since early November, wider interest rate differentials were a main factor.
  • Moody’s: downgrade risk in Japan is higher after triple disasters.
  • Warren Buffet said weakness in Japan's markets was a buying opportunity, as the nuclear containment there seemed to be progressing.

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