XE Market Analysis: Europe – May 21, 2019

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The Dollar has traded firmer, posting fresh trend highs against a number of currencies. This drove EUR-USD to an 18-day low of 1.1147, making this the seventh out of the last eight trading days that the pair has posted a new lower low. Cable printed a fresh four-month low, at 1.2709, building on the steep declines seen since the early May high at 1.3176. AUD-USD pegged a two-day low at 0.6871, which almost entirely unwinds the sharp gain seen yesterday as markets reacted the unexpected weekend election result.