XE Market Analysis: Europe – Dec 21, 2016

The dollar has traded moderately softer, showing a 0.2% decline versus the euro and a 0.3% drop against the yen as the London interbank market joined the fray. The greenback is also showing fractional losses versus the dollar bloc currencies. EUR-USD has recouped above 1.0400, putting in some distance from the 14-year low seen yesterday at 1.0352. USD-JPY has settled back in the mid 117s after failing to sustain gains above 118.00 yesterday, which had been seen after the BoJ left monetary policy unchanged and bank governor Kuroda ruled out a reduction in ETF purchases. Some dollar selling was seen…

Source: XE news feed
XE Market Analysis: Europe – Dec 21, 2016