XE Market Analysis: The Greenback Searching for TLC After Break-up Letter

OVERVIEW

  • The Greenback is steady after its four-week rally came to a halt yesterday.
  • EM currencies remain under pressure with the Turkish Lira and the South African Rand down 0.6% on the day.
  • West Texas Intermediate (WTI) skids 2.5% on plans to ease production cuts.

HIGHLIGHT