XE Market Analysis: Europe – Mar 04, 2019

The Dollar majors have been plying narrow ranges in early-week trading so far. A continued risk-on them, fuelled by a WSJ report suggesting that the U.S. may lift most or all of its tariffs on Chinese imports, and that a summit between Trump and Xi later this month could by the stage where a final trade deal is signed, failed to translate into forex movement. USD-JPY consolidated recent gains in the upper 110.0s, holding below the 10-week high that was seen late Friday at 112.07. EUR-USD made time in the low 1.1300s, holding above the six-day low seen last Thursday at 1.1353.