XE Market Analysis: North America – Jun 04, 2019

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The Dollar has posted fresh lows against the Euro, Yen and a number of other currencies. A rebound in European stock markets and S&P 500 futures after a mixed session on Asian bourses enabled forex markets to focus on the Dollar-negative narrative of strengthening expectations for the Fed to cut rates as soon as September. This saw the narrow trade-weighted USD index print a seven-week low at 97.00 in what is now its fourth consecutive day of declines.