Wednesday, 19 August 2015

XE Market Analysis: Europe - Aug 19, 2015

Another Asia session of relatively limited ranges for the main currencies. The dollar traded modestly softer after gaining yesterday. EUR-USD lifted from yesterday's low of 1.1017 to levels above 1.1050, while USD-JPY ebbed from the 124.40-45 area to the 124.25-35 area, remaining just above yesterday's 124.18 low. Chinese stock markets wobbled again, though the Shanghai Comp had recovered to a net loss of 1.9% at the time of writing, having shown more than a 4% decline at intraday lows.



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