XE Market Analysis: Europe – Sep 02, 2015

The dollar has traded firmer, logging a new six-year low below 0.7000 against the Aussie, and firming against euro and yen. Stock market sentiment improved, though Japan’s Nikkei still closed 0.4% for the worse, and China’s Shanghai Composite was volatile, rebound from a 4.7% intraday loss to a 0.3% before settling lower again, showing about a 1% net decline in late session. There were reports of official purchases in Chinese markets ahead of a military parade in Beijing tomorrow. EUR-USD dipped back below its 200-day moving average at 1.1288, logging a low at 1.1250.