Currencies market muted today – BBH

In terms of the price action, analysts at BBH note that today is the second day that the euro has spent below $1.06.  

Key Quotes

“We suspect it may try again in the North American session to regain a foothold.   Yesterday's roughly JPY112.90-JPY113.75 range looks set to hold.   Sterling also is going nowhere quickly and remains in a $1.24-$1.25 range.  The dollar-bloc currencies are also little changed.  The Australian dollar did manage to recover from its poor capex report.  Private capital expenditures fell 2.1% in Q4 16, which is more than four-fold larger than expected.  It may have been tempered by the better than expected plans for going forward and the upward revision (-3.3% rather than 4.0%) in Q3.  Still, the Aussie struggles near $0.7700.”