XE Market Analysis: Europe – Mar 19, 2019

The Dollar has settled to a consolidation of recent declines into the FOMC. EUR-USD has settled below the two-week high seen yesterday at 1.1358. The high was a product of the Dollar’s underlying softening bias amid expectations for the Fed to trim inflation forecasts and lower dot plots, and following last week’s surprising benign inflation data out of the U.S. USD-JPY and yen crosses have mostly traded lower amid moderate outperformance in the Japanese currency.