XE Market Analysis: Europe – May 29, 2018

The euro has remained under the cosh, posting fresh lows six-and-a-half-month and 11-month lows versus the dollar and yen as the London interbank market joins the fray following a long weekend in the UK. The other main theme being seen is yen outperformance, which has enrichened the draw of the Japanese currency as a safe haven. Italian political turmoil is posing a long-term existential threat to the Eurozone, and the expiry data on U.S.