XE Market Analysis: Europe – Aug 05, 2019

The Dollar has been trading mixed amid a mixed off backdrop, which has seen the safe-haven Yen outperform and the commodity-correlating Dollar bloc currencies, along with a good many developing world currencies, underperform. China’s Yuan fell to an 11-year low below the politically sensitive 7.0 to the dollar level, which the PBoC blamed on “trade protectionism,” and which has the potential to mark the point at which the trade war inflects from simmering to boiling. Bloomberg also reported that China asked state purchasers to half imports of American agricultural product.

Source: XE news feed
XE Market Analysis: Europe – Aug 05, 2019