XE Market Analysis: North America – Aug 07, 2018

The Dollar pulled back today after rallying for much of the last week (since the Fed upgraded its assessment of the U.S. economy to “strong” from “solid” in the June statement). There has been a view in markets that the U.S. currency will tend to firm as trade tensions with China ratchet higher, though the present lift in global stock markets has for now cooled this narrative.