XE Market Analysis: North America – Aug 16, 2018

The Dollar and Yen retreated against most other currencies amid a revival in risk appetite on news that U.S. and China have agreed on a new round of trade talks, while the Turkey Lira gain for a third straight session. The USD index (DXY) pegged a two-day low at 96.41 before recouping to the 96.60 area, while EUR-USD is concurrently printed a two-session high of 1.1397, putting in some space from yesterday’s 13-month low at 1.1316. USD-JPY has settled in the upper 110.0s after printing a low in Tokyo at 110.46.