XE Market Analysis: Europe – Jun 14, 2018

The dollar has more than given back gains seen in the immediate wake of the Fed’s rate hike and hawkish-tilting guidance. EUR-USD recouped back above 1.1800 after dipping to a 1.1725 low, post Fed. The euro has been trading generally firmer over the last day, gaining against the pound, Swiss franc, among other currencies, with market narratives focusing on the successful Italian auction of 30-year bonds yesterday, with the appetite for the long-dated debt seen as a good litmus test of investor sentiment on the new Italian government.

Source: XE news feed
XE Market Analysis: Europe – Jun 14, 2018