XE Market Analysis: North America – Aug 19, 2020

The dollar has managed to find a toehold against most currencies after printing fresh trend lows against many yesterday. The exceptions were the pound and the Canadian dollar, which both clocked new trend highs versus the greenback. The USD index (DXY) has been consolidating recent losses above Tuesday’s 17-month low at 92.13, with EUR-USD concurrently holding off yesterday’s 27-month peak at 1.1967. The yen has been underperforming amid a backdrop of rallying stock markets, as per the currency’s usual inverse correlation with risk appetite in global markets.

Source: XE news feed
XE Market Analysis: North America – Aug 19, 2020