XE Market Analysis: North America – Sep 08, 2015

The dollar has traded mixed, firmer against an underperforming yen, but softer against sterling and the euro, although the latter reversed a good portion of gains that were seen earlier. EUR-USD dipped back to the mid-1.11s from a 1.1229 high, which was seen after solid German export and wage numbers, subsequently back up by an unexpected upward revision to Eurozone Q2 GDP data. The yen weakened despite a sharp loss in Japanese stocks today, which was offset by a solid rebound in Chinese equities. EUR-JPY rallied over 1% to a peak of 133.36.