XE Market Analysis: Europe – Aug 29, 2017

The dollar has come under fresh pressure as the London interbank take to their desks. EUR-USD has punched out new 31-month highs, this time above 1.1990, while the narrow trade-weighted USD index hit a 16-month low at 92.06. USD-JPY dove to a four-month low at 108.33 in early Asia-Pacific dealings before settling in the upper 108.0s. The low was seen following news that North Korea fired a missile that flew over Japan before landing in the sea. Markets are also factoring the storm damage and disruption in Texas, and a tumultuous political backdrop in Washington DC.

Source: XE news feed
XE Market Analysis: Europe – Aug 29, 2017