XE Market Analysis: North America – Aug 31, 2018

Risk off conditions gripped markets after Trump threatened to take the U.S. out of the WTO while signalling that he’s ready to take the Sino-U.S. trade war to the next level, which for the main currencies translated to Yen outperformance and Aussie Dollar-led Dollar bloc underperformance. The Turkish Lira still managed to rebound by over 2% as Ankara announced fresh measures to halt the rout, though emerging market currencies continued to look vulnerable, with the Indonesia Rupia hitting a 20-year low and India’s Rupee a record low.

Source: XE news feed
XE Market Analysis: North America – Aug 31, 2018