XE Market Analysis: North America – Apr 24, 2018

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The dollar posted fresh highs versus most currencies before most pairings backpedalled to near net unchanged levels. EUR-USD posted a 10-week low at 1.2181 before a bout of broad dollar weakness in the London AM sessions lifted the pair above 1.2215. The low was seen after the release the April German Ifo business conditions index, which declined sharply to a reading of 102.1 in April from 103.3 in the previous month, adding to growing sings of a flagging economic growth momentum in the Eurozone. USD-JPY lifted for a sixth consecutive session, making a 10-week high at 108.91.