XE Market Analysis: Europe – Aug 19, 2019

The Dollar majors have been plying narrow ranges in early-week trading so far, with principal pairings and associated cross rates showing less than a 0.2% net movement heading into the London interbank open. EUR-USD settled in the upper 1.1100s. The pair was lifted on Friday from levels around 1.1170 by reports that Germany will shift to deficit spending should the country enter recession. EUR-JPY has similarly consolidated Friday’s Euro-driven lift; ditto for other Euro crosses.

Source: XE news feed
XE Market Analysis: Europe – Aug 19, 2019