XE Market Analysis: North America – Feb 02, 2018

The dollar has been directionally mixed since the FOMC earlier this week, gaining mostly notably versus the yen, and the Australian dollar, but losing ground to the main European currencies, including the euro, sterling and Swiss franc. The dollar has also been somewhat mixed against developing-world currencies. The narrow trade-weighted USD index (DXY) has managed to recoup by a modest 0.2% so far today, presently at 88.83 after logging a low yesterday at 88.56. Last week’s 38-month low at 88.44 has been left unchallenged.