XE Market Analysis: Europe – Aug 16, 2018

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Both the Dollar and Yen have weakened today, giving back recent gains amid an improvement in risk appetite. The U.S. and China have agreed on a new round of trade talks, while Turkey has managed to halt the rout of the Lira and secure major investments from Qatar and China’s Alibaba. The USD index (DXY) is showing a 0.3% decline, at 96.44, heading into the London interbank open, while EUR-USD is concurrently showing a 0.3% gain, earlier printing a two-session high of 1.1397, putting in some space from yesterday’s 13-month low at 1.1316.