XE Market Analysis: North America – Jul 17, 2019

EUR-USD edged out a fresh eight-day low at 1.1199 in early London trading before settling back in the lower 1.1200s, with an upward revision in Eurozone June HICP data giving the euro some buoyancy. The low had been the product of dollar, which was given a boost yesterday following above-forecast industrial production and retail sales data out of the U.S. The data took the edge off Fed easing expectations, though a 25 bp cut on July 31 is still being fully discounted by Fed fund futures. USD-JPY has settled below yesterday’s three-day peak at 108.37.

Source: XE news feed
XE Market Analysis: North America – Jul 17, 2019