EUR/USD confined to a range of 57 pips H 1.0557 L 1.0500 in the first half of European trading on shortcovering rebound. Trading was subdued in the major currencies as further position adjustments likely ahead of Wednesday's FOMC meeting.
Central Bank Week: 3/17 Tuesday 12:30 GMT RBA Minutes, followed by BOJ Monetary Policy Announcement and Press Conference.
3/18 Wednesday 9:30 GMT Bank of England MPC Bank Rate & Asset Purchase announcement. The all important FOMC Statement follows at 18:00 GMT.
3/19 Thursday 8:30 GMT Swiss National Bank Monetary Policy Assesment.
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