XE Market Analysis: Europe – Jun 28, 2017

The euro’s ascent has continued, with EUR-USD logging a high at 1.1378, which is the loftiest level seen since June 2016, while EUR-JPY made a 127.77 peak, the highest level the cross has seen since March 2016. EUR-GBP has punched above recent congestion highs and is trading in seven-month high territory. The spark was ECB President Draghi, yesterday, who put a tapering in policy squarely on the agenda. Global stocks have traded lower as a consequence, along with news that the U.S.

Source: XE news feed
XE Market Analysis: Europe – Jun 28, 2017