XE Market Analysis: Asia – Sep 01, 2015

The dollar was relatively steady through the N.Y. session on Tuesday, though ultimately lost some ground to most major currencies. China, and indeed globally soft PMI’s took Asian equities lower overnight, which quickly spilled over the European bourses and Wall Street. Sharp losses there impacted the dollar negatively, and weighed on oil prices in particular. Major U.S. indices were down in the 2.5% to 2.7% area at the time of this writing, which kept Treasury yields under wraps. U.S.