XE Market Analysis: North America – Jul 04, 2017

The narrow trade-weighted USD index edged out a fresh five-session high at 96.08, despite a softening in USD-JPY. EUR-USD declined for a fourth-straight session, which follows ECB efforts to correct its tapering message. The pair logged a four-session low at 1.1336. Cable logged a four-session low at 1.2915 before recouping toward 1.2950. UK construction PMI data for June missed expectations, while BoEspeak was mixed, with MPC member McCafferty arguing for a rate hike while his colleague Vlieghe warned that hiking took soon was worse than hiking too late.

Source: XE news feed
XE Market Analysis: North America – Jul 04, 2017