XE Market Analysis: North America – Sep 17, 2020

The dollar and yen gained concurrently with tumbling global stocks and commodity prices. EUR-USD consequently dropped to a five-week low at 1.1737 ahead of the European open, subsequently rebounding to the 1.1800 area. USD-JPY printed a seven-week low at 104.68. EUR-JPY also clocked a fresh seven-week nadir at 123.31, while AUD-JPY hit an eight-day low. AUD-USD dove by over 0.6% in making a six-day low at 0.7254. The other dollar bloc currencies also dropped relatively sharply, too, as is to be expected in phases of risk-off positioning. USD-CAD rallied to an eight-day high at 1.3248.

Source: XE news feed
XE Market Analysis: North America – Sep 17, 2020