XE Market Analysis: North America – Sep 18, 2015

The dollar has continued its post-Fed announcement tumble, putting the narrow dollar index at three-week lows. EUR-USD has logged a new high of 1.1460 after breaching yesterday’s peak at 1.1441. USD-JPY has logged a 10-day low at 119.05. The dollar has also trade at fresh lows against the commodity-bloc and emerging nation currencies. EUR-USD’s bias is likely to remain to the upside, for now, putting the focus on 1.1500 and the Aug-24 peak at 1.1714. But we see that EUR-USD is more likely to decline than rise in the bigger picture.