XE Market Analysis: North America – Jan 16, 2019

The Dollar has traded mostly firmer. EUR-USD tipped back under 1.1400 and posted a 12-day low at 1.1377. The pair has been in a downward phase over the last week, and we expect this bias will remain dominant for now, given the backdrop Eurozone-slowing narrative. USD-JPY has lifted to a one-week high of 108.81, driven mostly by yen weakness, despite flagging stock market sentiment. Cable, after surging well over 1% to a peak of 1.2890 following the expected Brexit deal rejection by the UK’s parliament, has settled near 1.2850.