XE Market Analysis: North America – Mar 01, 2019

The Dollar posted fresh highs against the Euro and Yen, among other currencies, extending the gains sparked by yesterday’s above-forecast growth data out of the U.S., which has improved the yield advantage the U.S. currency has against many of the main currencies. EUR-USD posted a three-day low at 1.1353, before lifting to around 1.1370-75. Lower than expected Eurozone unemployment, which fell to a 10-and-a-half-year low 7.8% rate, and a slight upward revision to the final February reading of the Eurozone manufacturing PMI survey helped EUR-USD find a footing.