XE Market Analysis: Europe – Jun 27, 2018

The dollar majors are showing little movement for the most part, heading into the London interbank open. NZD-USD was the main exception, dropping over 0.5% following a miss in New Zealand business confidence data. The yen, meanwhile, firmed up moderately as stock markets ebbed back after yesterday’s reprieve. USD-JPY ebbed back under 110.00 after yesterday posting a three-session peak at 110.22. The pair was lifted by post-Tokyo fix demand, rising to 110.20, before selling overwhelmed and turned the dollar lower.