XE Market Analysis: Europe – Sep 09, 2019

The Australian Dollar edged out fresh highs, posting six-week peak against both the U.S. Dollar and the Yen, amid a backdrop of rising stock markets in Asia. This came despite weak export data out of China, which followed Friday’s underwhelming U.S. jobs headline, with markets preferring to focus on the expectation for more stimulus rather than the fear of slowing global growth (the meat of the jobs report out of the U.S. was actually pretty solid, too). AUD-USD ‘s high is at 0.6862. Elsewhere, EUR-USD and USD-JPY have been plying typically narrow ranges for early-week trading.

Source: XE news feed
XE Market Analysis: Europe – Sep 09, 2019