XE Market Analysis: North America – Dec 18, 2018

The Dollar came under broad pressure during the London AM session. Market narratives are talking about position trimming into the Fed’s expected rate hike, which is also widely expected to be accompanied with dovish-leaning guidance. This view appears to have helped stock markets find some stability following the hefty losses Wall Street saw yesterday. S&P 500 futures were showing a gain of 0.4% in overnight trading. EUR-USD, meanwhile, punched out a one-week high at 1.1402.

Source: XE news feed
XE Market Analysis: North America – Dec 18, 2018