XE Market Analysis: Europe – Jan 25, 2018

Another day, another tumble in the dollar. The USD index (DXY) clocked a new low at 88.81, which is the lowest levels since January 2014. EUR-USD is up for a fourth straight day, logging a fresh 37-month high at 1.2459 before settling around 1.2425. USD-JPY is down for a third straight day, this time logging a four-month low of 108.73, subsequently settling in the low 109.0s. Cable clocked a fresh post-Brexit vote high, and the dollar saw trend lows versus the Australian and Canadian dollars, along with most Asian currencies today.