XE Market Analysis: North America – Aug 16, 2019

EUR-USD has declined for a fifth consecutive day, earlier pegging a two-week low at 1.1074. A stop-loss and long-covering decline in EUR-GBP, which has fallen by nearly 1%, has driven a broader underperformance in the Euro. EUR-USD’s ebb today has extended the fall the pairing saw following yesterday’s firmer than expected U.S. retail sales and productivity data, which tipped the balance of Fed versus ECB easing expectations a little (especially with ECB’s Rehn arguing for “impactful and significant” stimulus in a WSJ interview).

Source: XE news feed
XE Market Analysis: North America – Aug 16, 2019