XE Market Analysis: Europe – Oct 09, 2017

The dollar has opened the week on a soft footing, with the greenback posting lows in a holiday-thinned market below respective Friday lows against the yen, euro, sterling and a good number of other currencies. This follows the unexpected contraction in U.S. employment, revealed by Friday’s September jobs report, and also comes amid a backdrop of simmering geopolitical tensions on reports that North Korea is preparing for another missile test, an escalating diplomatic crisis between the U.S. and Turkey, and an on-the-boil Catalan independence movement.