XE Market Analysis: Europe – Apr 28, 2017

Narrow ranges have been prevailing among the main currency pairings so far today. EUR-USD has settled in the mid 1.08s, below the five-month high seen mid week at 1.0950. USD-JPY has steadied to a narrow range in the low 111.0s, below the four-week high set on Wednesday at 111.78 following the Trump administration’s announcement of its tax cut plan. The abatement in the global stock market rally has taken the wind out of the sails of USD-JPY.

Source: XE news feed
XE Market Analysis: Europe – Apr 28, 2017