Thursday, 20 August 2015

XE Market Analysis: North America - Aug 20, 2015

EUR-USD extended further into six-day territory in making 1.1171, subsequently settling around 1.1150 but still well up on yesterday's pre-FOMC minutes levels around 1.1060. EUR-JPY also clocked a six-day peak, with the euro proving to be a currency of choice in a softer dollar environment, with Asian, dollar bloc, and emerging market currencies less favoured amid China-related global growth concerns. USD-JPY has been choppy around 124.00 after lifting from yesterday's three-week low at 123.69, seen in late U.S. trade yesterday following the FOMC minutes.



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