XE Market Analysis: Europe – Aug 02, 2018

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The Dollar has traded firmer against most currencies and more than reversed initial declines that were seen after the largely as-expected Fed policy announcement yesterday. The upgrade in the Fed’s assessment of the economy to “strong” — from merely “solid” in the June statement — provided reason to buy the Greenback on dips. The USD index (DXY) posted a three-day higher, while EUR-USD concurrently pushed lower, to a four-day low of 1.1640.