XE Market Analysis: Europe – Aug 09, 2019

The Dollar majors have been trading narrowly, with the main pairings holding within yesterday’s ranges. This follows what has been a pretty volatile week, which has seen the Yen hit major trend highs against many currencies in a safe-haven driven move, before steadying concomitantly with a breakout of relative calmness in global stock markets following anxiety-mollifying Chinese data yesterday showing an unexpected rise in exports in July. The New Zealand Dollar is up from the lows it saw in the wake of the RBNZ’s outsized 50 bp rate cut but it still nursing a near 1% decline on the week.

Source: XE news feed
XE Market Analysis: Europe – Aug 09, 2019