XE Market Analysis: North Korea Missile Launch Rocks Markets, Euro Soars

OVERVIEW North Korea’s missile launch overnight reignites fears that it has no intention of easing tensions with the US, and that military conflict remains a serious risk.  Swiss Franc and Japanese Yen are in demand due to risk aversion global stocks being down sharply. Euro surges through 1.20 with the US Dollar under broad pressure. US consumer confidence rose more than expected in August. German consumer confidence improved further in August, supporting expectations for strong growth.

Source: XE news feed
XE Market Analysis: North Korea Missile Launch Rocks Markets, Euro Soars