XE Market Analysis: North America – Aug 29, 2017

The dollar came under broad pressure while the yen outperformed as a run-to-the-hills sentiment coursed through global markets, with North Korea escalating geopolitical tensions by launching a missile over Japan (ultimately landing in the sea to the east). This comes with the markets trying to assess the economic damage in storm-afflicted Texas, and amid an episode of political tumult in Washington DC. USD-JPY dove to a four-month low at 108.26, while EUR-USD smashed through 1.2000 to a peak of 1.2070, the highest level seen since December 2014.

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