XE Market Analysis: North America – Aug 07, 2020

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The dollar rallied on position trimming into the U.S. payrolls report. The narrow trade-weighted USD index (DXY) posted a two-day high at 93.22, extending the rebound from the 27-month low seen yesterday at 92.53. EUR-USD has printed a two-day low at 1.1810 low and over a big figure down from yesterday’s 27-month peak. Cable posted a two day low at 1.3085, drawing back from the 1.3187 five-month peak seen Thursday following the warily-upbeat BoE outlook. USD-JPY continued to ply a narrow range in the mid 115.00s. Both the Aussie and Kiwi dollars correctly moderately as the U.S.