XE Market Analysis: North America – Jul 16, 2018

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The Dollar has traded lower so far today, which has pushed the narrow trade-weighted USD index down 0.3% to a three-session low of 94.48 while EUR-USD edged out a fresh high of 1.1711, which is the loftiest level seen since last Wednesday. The U.S. currency also posted losses against the Pound, Swiss Franc and other currencies, although USD-JPY was an exception, with the pairing holding in a narrow range in the mid 112.00s, while EUR-JPY lifted to a fresh 10-week high of 131.61. Japanese markets were closed for the Marine Day holiday, which has thinned market conditions.