Wednesday, 5 August 2015

XE Market Analysis: Europe - Aug 06, 2015

The dollar has come off the boil in pre-Europe trade in Asia, led by EUR-USD, which has lifted to two-day peak at 1.0943. EUR-JPY, EUR-GBP and other euro crosses have also gained moderately, while the dollar has at the same time come under moderately pressure against the yen and other currencies. USD-JPY has ebbed to the 124.75 area after capping out yesterday at 125.01. Much of the chop reflects positioning ahead of Friday's U.S. employment report, which is major focus with a September Fed rate hike in the balance. U.S.



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