XE Market Analysis: North America – Feb 12, 2019

The Dollar posted fresh highs, while the Yen underperformed against a backstop of rallying global stock markets. EUR-USD printed a three-month low at 1.1257 before rebounding smartly back to the 1.1280 area amid a spike in EUR-CHF and broader underperformance in the Swiss franc amid suggestions of SNB intervention. Some market narratives have been highlighting that while the Fed made a hawkish-to-neutral shift in policy stance in January, the central bank has maintained gradual tightening by continuation of balance sheet shrinkage. U.S.

Source: XE news feed
XE Market Analysis: North America – Feb 12, 2019