XE Market Analysis: Europe – Jan 02, 2018

The dollar ebbed in early 2018 trading, continuing a dominant theme that’s been persisting since before Christmas. EUR-USD logged a four-month high of 1.2030, while AUD-USD and NZD-USD rallied to fresh 10-week highs, of 0.7842 and 0.7131, respectively. USD-JPY traded in a narrow range in the mid-to-upper 112.0s, while most yen crosses traded higher. EUR-JPY rallied to a new 26-month high, and AUD-JPY logged a fresh 10-week peak. A mostly risk-on sentiment in Asian markets kept the yen under some pressure, as per the usual correlation with global stock market direction.

Source: XE news feed
XE Market Analysis: Europe – Jan 02, 2018