XE Market Analysis: Europe – Feb 22, 2018

The dollar has continued to mostly trade firmer, this time amid a backdrop of fresh equity market declines on Wall Street and in Asia (which the exception of Chinese markets, which have been playing catch-up following the prolonged Lunar New Year break). This followed minutes of the FOMC meeting, where bullets about upside risk to growth following the tax cuts, grabbed market attention and sent U.S. Treasury yields higher. EUR-USD logged a 10-day low of 1.2259.