XE Market Analysis: Europe – Jul 26, 2019

The Dollar majors have become entrenched in narrow ranges after some choppy trading yesterday. The Euro has consolidated after rallying on the ECB’s refrain from cutting rates yesterday’s, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. The Dollar also found some buoyancy after the strong U.S. durables report yesterday eroded aggressive Fed rate cut expectations. EUR-USD, after rallying to a 1.1187 high in the wake of the ECB announcement yesterday, settled back near the 1.1140-50 area.

Source: XE news feed
XE Market Analysis: Europe – Jul 26, 2019