XE Market Analysis: North America – Aug 30, 2017

The dollar recovered some lost ground today. The narrow trade-weighted USD index was showing a 0.2% gain at 92.42 as of the early European PM session, up from yesterday’s low at 91.55, which is the lowest level seen since January 2015. EUR-USD fell to a low of 1.1938, down over 40 pips from yesterday’s New York closing level, though subsequently managed to rebound above 1.1950 following data showing that economic confidence to be much stronger than expected in the Eurozone in the August ESI survey, which at a 111.9 headline reading is the best since July 2007.

Source: XE news feed
XE Market Analysis: North America – Aug 30, 2017