XE Market Analysis: North America – Mar 07, 2019

The Dollar index largely traded sideways overnight, below Tuesday’s two-week high. Risk taking levels have headed lower. This backdrop hasn’t led to a strong safe-haven theme in the forex markets, though moderate Yen strength has been seen, pushing USD-JPY to a one-week low of 111.57. EUR-USD, meanwhile, has continued a narrow orbit of the 1.1300 level, with market participants lacking direction ambition into the ECB meeting today, and the U.S. February employment report tomorrow.