Calmness in currency markets  

11 March 2010 @ 07:07 am EDT

Currency markets are tranquil today where movements are in narrow range ahead of the release of jobless claims and trade balance in the US. Markets, yet there was movement during the Asian session where the yen strengthened against majors after a Chinese report showed that inflation rose to the highest in 16 months, which may prompt the Chinese central bank to unwind stimulus measures faster than expected. However, currently major pairs are consolidating except the pound that advanced against majors on speculations inflation in the U.K. will reach 2.5% within a year.

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