XE Market Analysis: Europe – Jul 27, 2017

The Fed’s statement has put the dollar under the cosh, pushing the narrow trade-weighted USD index to a 14-month low of 93.0 while EUR-USD scaled to a 30-month high of 1.1776 and USD-JPY fell towards the six-week low at 110.62 that was seen earlier in the week. The dollar’s losses have been concomitant with a decline in U.S. yields, with the key takeaway from the Fed’s statement being the suggestion that policymakers are increasingly worried over the slippage in inflation.

Source: XE news feed
XE Market Analysis: Europe – Jul 27, 2017