XE Market Analysis: Europe – Dec 19, 2017

Narrow ranges have been prevailing, and more of the same looks likely, though there could be some chop around data releases and news developments, with moves prone to be exaggerated by thin market conditions. All the dollar pairings we track are showing less than a 0.2% range so far today. USD-JPY’s range has been centring around 112.50, while EUR-USD has managed to drift up from around 1.1775-80 toward the 1.1800 level. Cable is also moderately higher, though, like EUR-USD, remains comfortably below its high from yesterday. Focus remains on the U.S.