XE Market Analysis: Europe – Oct 02, 2018

Both the Dollar and Yen have outperformed, with the latter outpacing the former, driving USD-JPY to a two-day low of 113.80 despite concurrent Dollar gains versus most other currencies. Euro weakness has remained a theme, with fresh volatility in Italian asset markets, in turn a reflection about the government’s budget, weighing on the common currency. EUR-USD is down for a fifth consecutive session, this time making a three-week low at 1.1535. EUR-CHF, a cross that has been correlatively sensitive to Italian asset markets, hit a four-session low at 1.1362.