XE Market Analysis: Europe – Jun 26, 2017

The dollar has traded steady-to-softer so far in early-week trading, though USD-JPY is an exception, with the pair nudging to a two-session high of 111.38 as the yen came under a phase of selling. Stock markets have rallied in Asia, aided by a 1%-plus gain in oil prices, gaining for a third consecutive session, which has given an incentive to short the Japanese currency. EUR-USD, meanwhile, has consolidated gains seen on Friday, settling to a narrow orbit of the 1.1200 level, holding below Friday’s 1.1209 peak.

Source: XE news feed
XE Market Analysis: Europe – Jun 26, 2017