Monday, 14 September 2015

XE Market Analysis: Europe - Sep 14, 2015

The JPY traded firmer and the AUD was pressured as Chinese stocks gave up early gains and tumbled quite heavily into the red, leading Japan and other Asian markets lower. The Aussie, which is a good proxy of China sentiment, turned lower in sympathy with Chinese bourses. AUD-USD ebbed to moderately net lower levels on the day, back to the 0.7080 area after seeing a two-week peak of 0.7135 during the Sydney AM session. USD-JPY, meanwhile, lost 0.4% from its high in ebbing to lows just under 120.30, and EUR-JPY shed nearly 0.5% from its session high in making a 136.41 low.



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