XE Market Analysis: North America – Jun 22, 2018

The dollar came under pressure as stock markets enjoyed a rally, although the MSCI All-Country index still looks likely to close the week lower in a week that trade tensions went next level. The narrow trade-weighted USD index was showing a loss of 0.3%, as of the early PM session in Europe. EUR-USD printed a high of 1.1673, which is the loftiest level the euro has traded at since June 14. Above-forecast composite Eurozone PMI survey readings, in preliminary June data, gave the common currency buoyancy, coming with the dollar already established on a softening track.