XE Market Analysis: North America – Dec 07, 2017

EUR-USD tipped to a low of 1.1776, breaching yesterday’s low by 3 pips and making this the fifth consecutive session the pair has carved out a fresh low, a correction from last Friday’s peak at 1.1940. Supply ahead of the 1.2000 level put a cap on the pairing. USD-JPY lifted to a two-day high of 112.73, extending the rebound from yesterday’s four-session low at 111.99. A steadying in global stock markets has facilitated a trimming of the recently built up safe have premium in the yen, while the dollar itself has picked up a broader bid.

Source: XE news feed
XE Market Analysis: North America – Dec 07, 2017