Tuesday, 18 August 2015

XE Market Analysis: Europe - Aug 18, 2015

The dollar continued on a steady-to-firm path during pre-European trade session in Asia, despite weakness in U.S. Treasury yields amid growth worries and talk the FOMC will delay lift-off beyond September. EUR-USD ebbed to a six-day low of 1.1051, and USD-JPY lifted to the 124.50 area, though the pair remained well within its Monday range. A 3%-plus dive in the Shanghai Composite during the PM session, which put the index on course for its biggest one-day fall since Jul-27, prompted moderate yen buying.



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