XE Market Analysis: Europe – Feb 01, 2019

The Dollar has found its feet, holding steady-to-firmer against the other main currencies so far today after dropping sharply during the prior 24 hours in the wake of the Fed’s dovish turn. EUR-USD has lodged in the low-to-mid 1.1400s, below its post-Fed high at 1.1514, while USD-JPY has parked in the upper 109.0s, comfortably above the two-week low seen the day before at 108.49. Cable, meanwhile, edged out a two-day low, at 1.3077 following a bout of Sterling selling during the late Tokyo AM session. The pair has since settled back around the 1.3100 mark.