XE Market Analysis: Europe – Jul 17, 2019

The Dollar has settled to a consolidation at modestly lower levels after rallying yesterday. The narrow trade-weighted USD index (DXY) has steadied around 97.35, down from the one-week high seen yesterday at 97.55, though remaining higher by a net 0.6% on the week so far. EUR-USD has settled in the lower 1.1200s, above the eight-day low seen yesterday at 1.1202, and USD-JPY has remained off yesterday’s three-day peak at 108.37. Slightly better than expected retail sales and production reports out of the U.S.

Source: XE news feed
XE Market Analysis: Europe – Jul 17, 2019