XE Market Analysis: North America – Feb 16, 2018

Comments are off

The dollar has lifted out of new lows were seen in Tokyo. The USD index (DXY) is now showing a fractional 0.1% gain after showing a 0.3% decline at the lows. The index left a 37-month low at 88.26, and is presently trading at 88.70. EUR-USD tipped nearly 80 pips from the the 38-month high the pair saw in Asia in making its intraday low at 1.2474. USD-JPY has scaled back above 106.20 after seeing a 15-month low at 105.54. The dollar’s decline to new lows in Asia and rebound in Europe mirrors the price action we saw yesterday, all amid a backdrop of rising global equity markets.