XE Market Analysis: North America – Jul 03, 2017

The dollar rebounded some of the losses it saw last week. The narrow trade-weighted USD index was showing a 0.4% gain, as of the late European PM session, which follows the 2.5% loss of last week. This Wednesday’s release of the FOMC minutes from the mid-June meeting is focusing market attention, as they should contain justification for the Fed’s unexpected resolve toward normalizing policy. EUR-USD ebbed under Friday’s low in making a nadir at 1.1371. A slight revision higher in the final June Eurozone manufacturing PMI report cast little impact.

Source: XE news feed
XE Market Analysis: North America – Jul 03, 2017