XE Market Analysis: Europe – Aug 11, 2020

The narrow trade-weighted USD index edged out a one-week high at 93.71, making this the third consecutive trading day a higher high has been seen. A softer tone in the euro has in part given buoyancy to the index while pushing EUR-USD to a one-week low, at 1.1723. EUR-JPY concurrently rose about 40 pips to a peak at 124.75. USD-JPY remained firm, but remained just shy of the one-week high seen yesterday at 106.21. AUD-USD ebbed back under 0.7150, leaving highs at 0.7185/86, though still remained net higher on the day, while AUD-JPY pegged a four-day high.