XE Market Analysis: Europe – Jul 16, 2019

The main Dollar pairings have been trading in narrow ranges, of less than 15 pips for the most part, and less than 25 pips in the case of USD-JPY. AUD-USD drifted modestly lower following the release of the RBA minutes from the early July policy meeting, which affirmed the Board’s dovish bias. The pair posted a 0.7032 low, down from a 13-day high at 0.7044 that was seen during the early part of the Sydney session today (which extended Aussie gains seen after yesterday’s forecast beating production and retail sales data out of China).

Source: XE news feed
XE Market Analysis: Europe – Jul 16, 2019