XE Market Analysis: Europe – Mar 01, 2019

The Dollar has held an upwardly mobile trajectory in the wake of yesterday’s above-forecast U.S. GDP data and associated lift in Treasury yields. EUR-USD re-tested yesterday’s post data low at 1.1361, while USD-JPY has rallied to a fresh 10-week high at 111.77. Yen crosses were generally firmer to, with the Japanese currency underperforming as it’s apt to do during phases of global stock market ascent, with bourses in Asia buoyed by MSCI announcement of a quadrupling in the weighting of mainland shares in its global benchmarks later this year.