XE Market Analysis: North America – Aug 25, 2017

EUR-USD picked up from lows in the wake of an above-forecast German Ifo sentiment index for August, which showed a more modest pullback from July’s record high than had been anticipated alongside an encouraging jump in business expectations. The euro logged a post-data high of 1.1801 before stalling out, with market participants lacking commitment to run positions into the Draghi and Yellen Jackson Hole speeches later today. USD-JPY lifted to a three-session high of 109.77 in Tokyo, tracking moderate gains across most equity bourses in Asia today.

Source: XE news feed
XE Market Analysis: North America – Aug 25, 2017