XE Market Analysis: Europe – Jul 31, 2019

The Dollar majors have settled in narrow ranges ahead of the Fed’s policy announcement later today (14:00 ET, or 19:00 GMT), although EUR-USD managed to eke out a four-session high at 1.1162, putting in a little extra space from the 25-month low seen last week at 1.1101. AUD-USD saw some chop, rebounding to near 0.6900 from a six-week low at 0.6862, floated by warmer than expected Q2 CPI, which came in at a rate of 0.6% q/q versus the median forecast for 0.5% q/q. The pair needs to close today above 0.6891 to bring a halt to a sequence of…

Source: XE news feed
XE Market Analysis: Europe – Jul 31, 2019