XE Market Analysis: North America – Jun 29, 2017

The dollar and yen lost ground to most other currencies. The euro logged fresh trend highs versus the dollar and yen, though traded more mixed against other currencies, gaining versus the Swiss franc but losing ground to the pound and commodity currencies today. EUR-USD edged out a one-year peak at 1.1419 and EUR-JPY lifted into 13-month high terrain above 128.00. The common currency has largely ceased to be the driver of EUR-USD after ECB sources yesterday corrected the hawkish interpretation of President Draghi’s remarks of Tuesday.

Source: XE news feed
XE Market Analysis: North America – Jun 29, 2017