Monday 17 August 2015

XE Market Analysis: Europe - Aug 17, 2015

The dollar continued to firm in the wake of set of mostly-encouraging out of the U.S. on Friday, which put a September Fed hide back in the cross hairs. Asian currencies continued to underperform, particularly the Malaysia ringget, which hit a new 17-year low, though the PBoC set the reference rate for the CNY fractionally firmer than Friday to mark a second consecutive trading day of stabilization following last week's three consecutive daily devaluations. The Bloomberg JPMorgan Asia Dollar Index was down for a fifth straight loss. Equity markets in Asia were mixed.



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