XE Market Analysis: North America – Aug 09, 2018

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The Dollar lifted during the London AM session, with the USD index (DXY) having reversed most of the decline it posted yesterday in making an intraday peak of 95.35. EUR-USD concurrently fall back under 1.1600 to an intraday low of 1.1576 low, which puts in some distance from yesterday’s five-session peak at 1.1628, though the pair still remained comfortably above yesterday’s low at 1.1551. Specific, sharp weakness in both Turkey’s Lira and Russia’s Rouble today have lent some support to the Dollar, with both currencies reeling from U.S.