XE Market Analysis: Europe – Oct 17, 2017

The dollar has continued to trade perkily. USD-JPY flipped back above 112.00 as major Asian stock indices hit 10-year highs after Wall Street hit fresh record highs on Monday. The pair has a well-established tendency to correlate with notable moves in global equity markets, though persisting concerns about political disharmony in Spain and North Korea (Pyongyang threatened nuclear war could “break out at any moment”) may have been curtailing yen losses. EUR-USD declined for a fourth consecutive session, this time logging a out a one-week low at 1.1756.