XE Market Analysis: Europe – Jun 24, 2019

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Both the Dollar and Yen had been softening against most other currencies amid a cautious risk-on sentiment in global markets, underpinned by expectations for more policy accommodation by major central banks and a degree of relief that the U.S. and China have retuned to dialogue ahead of this week’s G20 summit in Japan. Deepening U.S.-Iran tensions have been putting a cap on enthusiasm, however, and the MSCI Asia-Pacific index posted only modest gains and remained below the six-week high seen last Thursday. EUR-USD edged out a fresh three-month high, at 1.1389.