XE Market Analysis: North America – Jan 31, 2019

The Dollar steadied during the London interbank AM session after dropping sharply in the wake of the Fed’s shift-to-neutral policy signal yesterday. The U.S. currency saw fresh lows against most currencies, though the pace of declines moderated compared to the losses seen in the initial wake of the Fed’s communication yesterday. EUR-USD printed a fresh three-week high at 1.1514 in the early London session before retreating to the upper 1.1400s.