XE Market Analysis: Europe – Jul 18, 2018

The Dollar has traded firmer for a second day, buoyed by an upbeat prognosis of the U.S. economy and outlook by Fed chair Powell yesterday at his semi-annual testimony before the Senate Banking Committee. EUR-USD descended to a three-day low at 1.1631 while USD-JPY ascended above 113.00 for the first time since January. AUD-USD printed a one-week low at 0.7363 and USD-CAD a three-week high at 1.3227.