XE Market Analysis: Europe – Jul 22, 2019

The Dollar has remained underpinned amid a scaling back in Fed easing expectations, which look to have settled on a 25 bp cut at the upcoming FOMC rather than a 50 bp move. The narrow trade-weighted USD index (DXY) has risen fractionally, to 97.24, but has so far remained below Friday’s peak at 97.29. EUR-USD has made time in a narrow range in the lower 1.1200s, holding above last week’s two-week low at 1.1199, while USD-JPY carved out a three-session high at 108.06.

Source: XE news feed
XE Market Analysis: Europe – Jul 22, 2019