XE Market Analysis: North America – Jul 31, 2017

The dollar traded modestly firmer against the euro, sterling and other currenceis, while holding near net unchanged versus the yen, after USD-JPY recovered from a post-Japanese data dip to a six-week low of 110.31. EUR-CHF, which rallied over 3% last week, rallied back toward 1.1400 after consolidating in the mid 1.13s, bringing Friday’s 18-month high at 1.1406 back into close view. USD-CAD remained above recent trend lows, though fresh highs in oil prices (WTI futures trading above $50 for the first time in two months) suggests that the risks remain to the downside for this pairing.

Source: XE news feed
XE Market Analysis: North America – Jul 31, 2017