XE Market Analysis: North America – Aug 31, 2017

The dollar rallied for a second day, getting a helping hand via re-energized selling in EUR-USD on the Reuters report of ECB sources saying that policymakers have been becoming increasingly worried about the pace of euro gains. EUR-USD dove to a new four-session low of 1.1846, earlier having met solid selling interest above 1.1900. The narrow trade-weighted USD index lifted to a four-session high at 93.15, now up 1.7% from Tuesday’s 31-month low. USD-JPY climbed above 110.50, extending the recovery from the four-month low seen on Tuesday at 108.26.

Source: XE news feed
XE Market Analysis: North America – Aug 31, 2017