XE Market Analysis: Europe – May 11, 2018

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The dollar has come off the boil over the last couple of days. Softer than expected CPI out of the U.S. has taken an edge out of Fed tightening expectations, which led to the dollar losing some of its traction. EUR-USD posted the first back-to-back daily since mid April, rising to a three-day peak of 1.1946 yesterday after extending the rebound from the four-month low that was seen on Wednesday at 1.1822. USD-JPY has settled near 109.50, with yesterday’s peak at 110.01 falling short of the trend peak seen last week.