XE Market Analysis: North America – Jul 23, 2019

The Dollar has posted fresh highs against the Euro, Yen, Pound, and other currencies, partly amid a more circumspect view in markets of Fed easing potential and partly as other central banks are heading in the direction of the stimulus spigot. The expected announcement later today confirming that Boris “no-deal Brexit” Johnson is the new prime minister of the UK is also keeping the Pound under pressure, especially with BoE MPC member Saunders describing UK growth as “weak and below trend” in an interview with Bloomberg.

Source: XE news feed
XE Market Analysis: North America – Jul 23, 2019