XE Market Analysis: North America – Jan 23, 2018

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The dollar trading mostly firmer in the wake of the U.S. funding deal that ended three day’s of government shutdown, although the impact was muted. The USD index (DXY) lifted out of a three-day low at 90.29 to a 90.53 high before settling just under 93.50. EUR-USD posted an intraday low at 1.2223, before recouping to around 1.2250, a level that the pair has been oscillating around for over a week now. The U.S. news has been having a greater impact on global stock markets, which scaled fresh highs, and this coursing risk-on sentiment has been serving as a negative lead for the U.S.