XE Market Analysis: North America – Jul 12, 2019

The USD picked up bids during the London AM session after posting intraday lows in pre-Europe trading. EUR-USD ebbed to the 1.1255 area, down from the intraday high at 1.1275, leaving yesterday’s eight-day high at 1.1285 unchallenged. Above-forecast May Eurozone production data had only a fleeting impact on EUR-USD, though the Euro ground out gains against most other currencies. USD-JPY settled to around 108.30-35 after printing a high at 108.61. The high extended the recovery from the one-week low seen yesterday at 107.86.

Source: XE news feed
XE Market Analysis: North America – Jul 12, 2019