XE Market Analysis: Europe – Aug 23, 2018

The Dollar has lifted after five straight down sessions. The USD index (DXY) is showing a 0.3% gain heading into the London interbank open, at 95.41, rising above yesterday’s high but remaining well below the 14-month high seen last week at 96.98. EUR-USD has concurrently sank to a two-day low of 1.1542, putting in some distance from yesterday’s two-week peak at 1.1623 (which almost exactly markets the present situation of the 50-day moving average). USD-JPY has also been on the up, printing an eight-day high of 110.93, extending the rebound from Monday’s eight-week low at 109.77.