XE Market Analysis: North America – May 03, 2018

The dollar remained perky although off the trend highs posted yesterday against most of its main counterparts. The USD index (DXY) was showing a fractional 0.1% decline as of the early European PM session, at 92.44, settling off yesterday’s four-and-a-half-month peak at 92.83. EUR-USD posted a 1.2008 rebound high, but struggled to maintain gains above 1.2000 on two separate attempts, leaving untroubled both yesterday’s peak at 1.2032 and the 200-day moving average at 1.2054.