XE Market Analysis: North America – Jan 26, 2018

The dollar traded at softer levels after correcting a good chunk of the gains seen late yesterday after Trump said that he “ultimately” would prefer a strong dollar. EUR-USD settled in the mid 1.24s, up from the post-Trump low at 1.2364, but well off yesterday’s 37-month peak at 1.2537. Remarks from ECB’s Coeure that there is upside risk to growth had limited impact on the euro, which may be a telling sign of a shift in sentiment towards the common currency.

Source: XE news feed
XE Market Analysis: North America – Jan 26, 2018