XE Market Analysis: North America – Oct 15, 2018

The Dollar has traded softer, for the most part, losing ground to the Euro, Swiss franc, Sterling and Japanese Yen, among other currencies. EUR-USD posted an intraday high at 1.1593, which reverses most of the decline seen on Friday. The move happened concurrently with a rebound in European stock markets, which were on net showing modest gains on the day as of the early European PM session. Italian yields have remained steady, while Portuguese bonds rallied after Moody’s upgraded Portugal’s sovereign debt from a junk or an investment grade rating.