XE Market Analysis: North America – Jul 26, 2019

The Euro has been in consolidated mode after rallying on the ECB’s refrain from cutting rates yesterday’s, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. EUR-USD, after rallying to a 1.1187 high in the wake of the ECB announcement yesterday, settled back near the 1.1140-50 area. The pair hit a 25-month low at 1.1101 ahead of the ECB yesterday, which looks likely to be re-tested.

Source: XE news feed
XE Market Analysis: North America – Jul 26, 2019