XE Market Analysis: Europe – Aug 18, 2020

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The dollar continued to soften, which pushed the USD index (DXY) to a low at 92.53, which is 1 pip shy of the 27-month low that was seen on August 6th. EUR-USD correspondingly rose to a 12-day peak at 1.1904, which is 13 pips shy of the pair’s 27-month peak. Cable rallied by 0.5% in making a 12-day high at 1.3168, while EUR-GBP reversed most of the gains it saw yesterday in making a 0.9035 low. AUD-USD pegged an 11-day high at 0.7234, and USD-CAD descended to a seven-month low at 1.3169. Aside from the generally softer U.S.