XE Market Analysis: Europe – Aug 31, 2017

The dollar continued higher for a second day, with the narrow trade-weighted USD index logging a four-session peak at 93.02 as EUR-USD ebbed to a four-session low at 1.1866. USD-JPY climbed above 110.50, extending the recovery from the four-month low seen on Tuesday at 108.26. The move has been concomitant with a pick in risk appetite in global markets, with acute concerns about North Korea having abated, while strong Q2 GDP and ADP employment data out of the U.S. catalysed fresh dollar buying, helping mollify concerns about the storm damage on the Gulf coast.

Source: XE news feed
XE Market Analysis: Europe – Aug 31, 2017