XE Market Analysis: Europe – Sep 03, 2015

The dollar continued to hold firm against most other currencies. EUR-USD logged a four-day low of 1.1205, while USD-JPY nudged out a two-day high at 120.70. AUD-USD remained heavy, dipping back to the 0.7000 area after an early Sydney run to 0.7062. Stock market volatility remained relatively muted for a second day with Chinese markets today having commenced their four-day hiatus for a national holiday, removing a recent source of bearish contagion from the global scene.