XE Market Analysis: North America – Jun 27, 2017

The dollar traded generally softer today as markets continued to digest yesterday’s sub-forecast U.S. durable orders report and softening price indicators in the Dallas Fed index. The narrow trade-weighted USD index was showing a 0.5% decline as of the early European PM session, just above the low at 96.58, which is a two-session low. EUR-USD rallied over 0.7% in logging a two-week peak at 1.1265. The move initially reflected the softer dollar before remarks from ECB President Draghi lit a fire under the euro.

Source: XE news feed
XE Market Analysis: North America – Jun 27, 2017