XE Market Analysis: North America – Jun 20, 2018

Comments are off

The dollar has traded firmer, for the most part, though directional commitment has been limited. USD-JPY lifted moderately amid steadying in stock markets in Europe and Asia, and rebound gains in U.S. equity index futures. The pair printed a high of 110.25, putting a little distance in from yesterday’s 10-day low at 109.55. A plethora of investor-soothing remarks from officials in Beijing, including the PBoC proposing to lower reserve ratio requirements for Chinese banks, helped divert attention from Sino-U.S. trade tensions.