XE Market Analysis: North America – Dec 11, 2018

The Dollar traded moderately softer amid a backdrop of rebounding global stock markets, and was showing losses of between 0.2% and 0.5% versus the Yen, Euro and Sterling heading into the New York interbank open. The Pound managed to find a better footing after dropping sharply yesterday, recouping about a third of the lost ground. Cable printed a recovery high at 1.2639, up from yesterday’s 18-month low at 1.2706, before settling around the 1.2610-20 area. The UK currency remained down by 0.8% on the week, and by 2.3% from month-ago levels.