US Dollar Bid and Safe Haven Currencies Offered

US Dollar Bid and Safe Haven Currencies Offered

The dollar was bid and safe haven currencies were offered, reportedly on relief that North Korea didn’t conduct another missile test over the weekend (which had been widely feared on Friday). USD/JPY rallied over 0.5% in recouping about a half of the losses seen on Thursday and Friday last week. An intraday peak was clocked at 108.61. EUR/USD clocked a 1.1993 low during the early phase of the London session. […]

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Overnight Forex Wrap: EUR/USD Restored Above 1.2000

Overnight Forex Wrap: EUR/USD Restored Above 1.2000

EUR/USD has been restored back above 1.2000 after clocking a 1.1993 low during the early phase of the London session. The low was seen in the wake of remarks by European Central Bank Executive Board member Benoit Coeure, who said that persistent euro strength would bring “undesirable consequences” for the inflation outlook, though follow-through euro selling proved to be limited as his remarks didn’t add much to the guidance already […]

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