XE Market Analysis: North America – Sep 03, 2020

The dollar is up for a third straight day as measured by the narrow trade-weighted DXY index, which posted a six-day high at 93.06, which further extended the rebound from Tuesday’s 28-month low at 91.75. EUR-USD concurrently posted a one-week low at 1.1789, before an unexpected upward revision in the final Eurozone services PMI headline for August, to 50.5 from the prelim 50.1 reading, helped stabilize the euro, despite a -1.3% m/m outcome in July Eurozone retail sales.