XE Market Analysis: Asia – Jul 25, 2019

The Dollar firmed early in the session, led by EUR-USD’s decline to two-year lows of 1.1102. The move came following the ECB announcement, which revised forward guidance to say that rates will be at “present or lower levels”, at least through the first half of 2020, as widely expected. Later, the Euro rallied back to 1.1180 on a round of short covering. Elsewhere, USD-JPY rallied over 108.70 as Treasury yields headed higher, on the back of solid U.S. durable orders, and lower jobless claims.

Source: XE news feed
XE Market Analysis: Asia – Jul 25, 2019