XE Market Analysis: Europe – Jul 10, 2019

The USD majors mostly settled to a consolidation as market participants went into bets-off mode ahead of the Congressional testimony of Fed Chairman Powell later today. The narrow trade-weighted USD index (DXY) was showing little change heading into the London interbank open, at 97.50. EUR-USD concurrently settled in a less-than-10-pip range just above the 1.1200 mark, above yesterday’s three-week low at 1.1193.

Source: XE news feed
XE Market Analysis: Europe – Jul 10, 2019