XE Market Analysis: Europe – Aug 25, 2017

Forex markets have been directionally challenged for the most part in Asian trading to far, with participants hunkered down ahead of the Yellen and Draghi show at the Jackson Hole symposium today. EUR-USD has continued to narrowly orbit the 1.1800 level, and Cable has steadied near 1.2800, despite yesterday’s dismal CBI distributive sales report having equipped sterling bears with fresh fuel. AUD-USD held near the 0.7800 level. USD-CAD managed to edge out a fresh three-week low, at 1.2506, with oil prices managing to rebound after tipping 2.5% lower yesterday.

Source: XE news feed
XE Market Analysis: Europe – Aug 25, 2017