XE Market Analysis: Europe – Feb 15, 2018

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The dollar has declined for a fourth-straight session versus the euro and other currencies. The narrow trade-weighted USD index (DXY) is presently at a two-week low of 88.80, showing a 0.3% decline on the day and now racking up a 1.8% loss on the week so far. EUR-USD lifted to a two-week peak of 1.2487, and AUD-USD also posted a two-week high, while Cable logged a one-week high. USD-JPY continued to lead the dollar lower, with the pair showing over a 0.6% loss on the day as the London interbank community take to their desks. This is despite the 10-year U.S.