XE Market Analysis: North America – Jul 18, 2019

The Dollar rebounded after printing fresh lows against the Euro, Yen and a number of other currencies in early European trading. This saw EUR-USD correct to around 1.1210 from the two-day high seen earlier at 1.1243. A rekindling in expectations for the Fed to entertain an outsized 50 bp rate hike at the upcoming FOMC meeting, sparked by a WSJ report suggesting that trade negotiations between the U.S. and China are at a “standstill,” had be weighing on the U.S. currency. USD-JPY lifted back to around 107.90 from a two-week low at 107.62.

Source: XE news feed
XE Market Analysis: North America – Jul 18, 2019