XE Market Analysis: Europe – Aug 12, 2020

The dollar is up for a fourth consecutive trading day, lifting narrow trade-weighted USD index to an eight-day high at 93.77. EUR-USD concurrently carved out a nine-day low at 1.1711, Cable a five-day low at 1.3017, and AUD-USD an eight-day nadir at 0.7110. The dynamic marks an extension in correction from the trend highs that all three pairings saw last week, before the U.S. jobs report. USD-JPY, meanwhile, has floated to a 19-day peak at 106.80, aided in part by a measure of yen underperformance.