XE Market Analysis: Europe – Oct 03, 2017

The dollar has continued to find demand, posting gains versus the euro, yen, sterling and Australian dollar, among other currencies. The narrow trade-weighted USD index clocked a one-and-a-half-month peak at 93.77, while EUR-USD traded below 1.1700 for the first time since mid August. USD-JPY remained buoyant, albeit with upside momentum being crimped in the face of Japanese exporter offers above 113.00. The pair edged out a high at 113.19, which is six pips short of last week’s two-and-a-half-month peak.