XE Market Analysis: North America – Apr 18, 2018

Comments are off

EUR-USD traded softer, although rebounded sharply from two separate dips below the 1.2350 level. The pair is down from the three-week high posted yesterday at 1.2414. Yesterday’s sub-forecast German ZEW survey put a lid on euro buying as the report developing an economic slowdown theme in the Eurozone’s engine economy. USD-JPY lifted some 30 pips in making a peak of 107.38 in Tokyo before steadying below here. The pair breached yesterday’s peak but fell short of Monday’s peak by 1 pip. Sterling took a whack following an unexpected drop in headline UK inflation.