XE Market Analysis: North America – Sep 18, 2020

The dollar and more especially the yen lifted during the London morning session. EUR-USD dropped back to the lower 1.1800s after pegging a two-day high at 1.1862. Yesterday’s five-week low is at 1.1737. A combo of EUR-JPY selling and broader dollar buying facilitated the decline in EUR-USD, which came amid a backdrop of flagging global equity markets. Ongoing uncertainties, including those over the virus, reopenings/reclosings, fiscal policy, valuations, and the upcoming U.S. election remain the major sources of volatility.

Source: XE news feed
XE Market Analysis: North America – Sep 18, 2020