XE Market Analysis: North America – Mar 23, 2018

The dollar is softer today, although above lows seen yesterday versus many of the main currencies, or above the 16-month low that was seen during the Tokyo session earlier today in the case against the yen. EUR-USD clocked a high at 1.2349 earlier, since settling lower by remaining 0.2% up on the day. There seems to remain a sense of uncertainty with regard to dollar direction in the current phase of risk aversion, tat least outside the case of USD-JPY, though one market dollar-bearish narrative maintains that retaliatory tariffs may hurt the U.S. economy.