XE Market Analysis: Markets quiet during Labor Day

OVERVIEW

  • Markets thin due to Labor Day.
  • UK August Manufacturing PMI hits lowest level in 25 months.
  • UK PM’s spokesman says most recent Brexit proposal is the ‘only credible plan’.

HIGHLIGHT

The Argentinian Peso’s woes continues, now 35% lower in the last 7 days against the USD. Even the central bank raising benchmark rates to 60% late last week has not been enough to stem the flow.