XE Market Analysis: Europe – Dec 28, 2018

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The Dollar has traded softer against most currencies so far today, posting a one-week low versus the Euro and a two-day low against the Yen. EUR-USD’s high is 1.1466, with focus set on the seven-week high seen last week at 1.1485, and USD-JPY’s low is 110.45, with focus set on the four-month low seen earlier this week at 110.14. Wall Street closed higher after a late PM rally yesterday, and most Asian equity markets have also gained, aided by Beijing’s pledge today for “proactive” fiscal policy in 2019, though S&P 500 futures are in the red and Japan’s Nikkei closed 0.4% for the worse.