XE Market Analysis: Europe – Aug 01, 2018

Comments are off

The Dollar has traded moderately firmer into the London interbank open, with the USD index (DXY) showing a 0.2% gain at 94.65, a two-day high. EUR-USD concurrently posted a two-day low, at 1.1675, which is near the midway mark of a broadly sideways range that’s been evolving since early June. USD-JPY rose for a second day and printed a 12-day high at 111.98. While gains yesterday reflected broader Yen declines, today they were driven by the firmer Dollar dynamic, and EUR-JPY, and most other Yen crosses, remained below their respective highs of yesterday.