XE Market Analysis: North America – Sep 16, 2015

The dollar has traded mixed, gaining against an underperforming euro, rising versus sterling while posting modest gains versus the yen, which ebbed against most currencies amid a backdrop of rallying stock markets in Asia and Europe. Chinese stocks rebounded from Monday and Tuesday’s steep declines with a strong, late-session rally today, which led Asian and European markets higher. There seems to be a view that even if the Fed pulls the rate-hike trigger tomorrow, it would accompany it with mollifyingly dovish guidance.