XE Market Analysis: Europe – Jul 23, 2019

The Dollar has retained support, partly amid markets more circumspect view of Fed easing potential and partly as other central banks, most notably the ECB, are heading in the direction of the stimulus spigot, while the expected announcement later today confirming that Boris “no-deal Brexit” Johnson is the new prime minister of the UK is keeping the Pound under pressure. Cable etched out a three-day low at 1.2450, drawing back in on the 27-month low seen last week at 1.2382. EUR-USD descended to a one-month low at 1.1189, and USD-JPY ascended to a six-day high at 108.19.

Source: XE news feed
XE Market Analysis: Europe – Jul 23, 2019