XE Market Analysis: Asia – Sep 09, 2015

The dollar firmed up early in the session, as China led equity gains spilled over to Europe and U.S. equity futures. Wall Street couldn’t hold on to gains however, perhaps as investors are beginning to look ahead of next week’s FOMC meeting, where a Fed rate hike could pull the punch bowl away from low-rate-addicted equity markets. As stocks fell back, the dollar faded, though di remain inside of relatively narrow trading ranges through the session. EUR-USD peaked at 1.1207 ahead of the open, and posted 1.1132 lows early on, before rallying back to 1.1180.