XE Market Analysis: Europe – Sep 23, 2015

The dollar continued to hold firm amid a continuing risk-off theme in global markets, with equity markets once against taking it on the chin, this time following an unexpected decline in China’s Caixin manufacturing PMI for September. The Shanghai Composite was showing a 1.2% loss in late PM trade in China, while most other markets in Asia were also lower. Japanese markets remained closed for a third day, while European and U.S. equity futures tagged losses in Asia. The Caixin manufacturing figure fell to 47.0, down from 47.3 and the lowest in just over six years.