XE Market Analysis: North America – Feb 18, 2019

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A Dollar softening theme emerged during the London AM session, which saw EUR-USD and Cable post respective two-session highs at 1.1330 and 1.2938, and USD-JPY ebbed back come after printing a high at 110.61. Stock markets were near net unchanged in Europe, and S&P 500 futures were showing fractional losses, following a bullish session in Asia, which was pinned on hopes that the U.S. and China, which last week agreed to extend talks into this week, are ripe for making a deal on trade, or at least make sufficient progress for the U.S. to delay tariff hikes.