Friday, 17 July 2015

XE Market Analysis: Europe - Jul 17, 2015

The dollar has continued to trade firm against most other currencies and commodities. USD-JPY has logged a fresh three-week high at 124.23, EUR-USD has failed to hold rebound gains above 1.0900 after clocking a 15-week low yesterday at 1.0855, and USD-CAD has made a new six-year peak of 1.2973. An exception has been Cable, with sterling holding up well as markets discount BoE tightening alongside a Fed tightening. GBP-USD has held steady in the 1.56s while EUR-GBP has slipped to a fresh eight-year low at 0.6951.



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