XE Market Analysis: Europe – Jul 09, 2018

The dollar has traded softer following the solid U.S. jobs report on Friday, which served to at once lift global equity markets, taking investors attention off trade protectionism concerns for now, and to keep Fed tightening expectations at bay (due to the benign wage growth component). The dollar has given back ground to most emerging market currencies, which were aided by a firmer yuan today, and lost 0.5% to the Australian dollar, which has outperformed among the main currencies.