XE Market Analysis: Europe – Sep 09, 2015

The dollar gained over 0.5% versus both the euro and yen during the Asia session as a strong risk-on theme ensued, led by a massive surge in Japanese stocks. EUR-USD fell to a two-day low of 1.1148, and USD-JPY logged a six-day peak of 120.51. The dollar, meanwhile, lost ground to most Asian currencies, outside the case against the yen, and commodity currencies. AUD-USD rose to an eight-day peak of 0.7070, and the U.S. currency is also saw declines versus the CAD and NZD, in addition to the likes of the South African rand, a currency which also correlates positively with risk appetite.