XE Market Analysis: Euro Slips as Risk Appetite Returns

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OVERVIEW

  • US Dollar data continues to show that the economy is growing at a robust pace.
  • The Euro is under pressure as wide and negative rate differentials back in focus. 
  • Retail sales for the Pound fall for the first time in 4 years, with the Brexit tone upbeat.
  • Canadian Dollar is lifted by manufacturing sales data.
  • Stocks are back in a positive territory, oil remains soft on high US supply.

HIGHLIGHT