XE Market Analysis: North America – Dec 19, 2018

The Dollar remained on a softening tack, printing fresh lows against some currencies, including both the Yen and the Euro, the latter of which has been the chief beneficiary of the softer U.S. currency. EUR-USD edged out a fresh nine-day high of 1.1414, which surpasses yesterday’s peak by 13 pips. EUR-JPY, EUR-GBP and EUR-CHF, among other euro crosses, concurrently posted gains. A drop in Italian yields have shored up euro sentiment. This comes with markets anticipating the Fed is widely expected to accompany a widely expected 25 bp rate hike with dovish spin in policy guidance.

Source: XE news feed
XE Market Analysis: North America – Dec 19, 2018