XE Market Analysis: North America – Aug 28, 2017

The dollar saw fresh lows versus the euro, yen and other currencies in early Asia-Pacific trade before currency pairings settled in narrow ranges, with liquidity lacking amid the absence of London markets today. EUR-USD has settled to a narrow range around 1.1920-40 after logging a new 31-month high at 1.1959 in early Asia, extending the dollar weakening theme seen on Friday, in the wake of Yellen’s refrain from policy guidance on Friday, which tipped Treasury yields lower by leaving market participants with the view that the Fed is on hold for the year.

Source: XE news feed
XE Market Analysis: North America – Aug 28, 2017