XE Market Analysis: Europe – Jul 05, 2019

Comments are off

The Dollar has been traded firmer into the London interbank open, edging out a three day high against the Yen and making moderate advancements against the Euro, Canadian dollar and other currencies. USD-JPY’s high is 109.73, we retraces about a third of the safe-haven driven declines the pair saw in the early part of the week. EUR-USD has come within a pip of yesterday’s low at 1.1273, with market narratives focus on 10-year Bund yields flirtation with -0.400% offsetting the Fed’s course to further easing.