XE Market Analysis: Europe – Jun 28, 2019

Comments are off

Narrow ranges have been prevailing among the dollar majors, with activity crimped by the looming G20 meeting and long-awaited meeting between Presidents Trump and Xi. Stock markets in Asia have traded modestly lower, while in forex markets the Yen posted fractional gains. This saw USD-JPY reverse most of yesterday’s gains in printing a low at 107.56, while EUR-JPY edged out a two-day low. AUD-JPY was also softer, though by a lesser extent. The likes of EUR-USD, meanwhile, stuck to narrow range trading in the mid 113.00s, remaining off the one-month high seen earlier in the week at 1.1412.