XE Market Analysis: North America – Feb 21, 2018

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The dollar continued to hold firm. EUR-USD extended lower for a fourth consecutive session, logging a four-session low of 1.2307, which extends the correction from the 38-month high seen on Friday at 1.2556. The day’s low was seen in the wake of the release of preliminary Eurozone February PMI survey data, which missed expectations and gave a presently bearish market a cue to sell. USD-JPY lifted for a fourth straight session, this time logging a four-session high of 107.90 in Tokyo, extending the rebound from the 15-month low seen last Thursday at 105.54.