XE Market Analysis: Europe – Sep 07, 2017

The dollar consolidated during the pre-Europe session in Asia after seeing volatile price action during the NY afternoon. The main movement was a gain in USD-JPY as news of Trump’s deal with the Democrats to extend the debt limit mollified market anxieties. The pair rallied some 70 pips to a 109.39 peak, subsequently drifting moderately lower in Tokyo trade, to near 109.00. Tuesday’s high at 109.55 was left unchallenged. EUR-USD has settled back to familiar levels near 1.1900, failing to sustain gains to 1.1950 yesterday.

Source: XE news feed
XE Market Analysis: Europe – Sep 07, 2017