XE Market Analysis: Dollar Slumps After Treasury Secretary's Comments

OVERVIEW

  • US Dollar is at 3-year low versus major counterparts after the Secretary of Treasury says the weaker Dollar is good.
  • UK employment data very strong, with GBP outperforming.
  • EUR stands at 3-year highs, PMIs show businesses ramped up activity in January. 
  • US home sales fell more than expected in December while prices rose.

HIGHLIGHT