XE Market Analysis: North America – Sep 07, 2017

The dollar came under pressure during the London AM session as Hurricane Irma tracks toward Florida, and as general euro gains contributed to EUR-USD demand, lifting the pair to a nine-day peak at 1.1994. USD-JPY, meanwhile, drifted back under 109.00, unwinding a good portion of the gains seen yesterday. The pair had rallied late yesterday on news of Trump’s deal with the Democrats to extend the debt limit, which mollified some market anxieties and led to a burst of risk-on trading in global markets.

Source: XE news feed
XE Market Analysis: North America – Sep 07, 2017