XE Market Analysis: Europe – Dec 06, 2018

The Dollar majors have mostly remained in relatively narrow ranges, holding with respective ranges from yesterday. A cross theme has been continued Yen firmness amid an ongoing rout in global stock markets, with S&P futures showing a 0.9% loss, adding to the heavy losses seen on Tuesday (Wall Street was closed yesterday), while Asian bourses have been a sea of red, with the arrest of the Huawei CFO threating to escalate tensions between the U.S. and China. Taiwan’s central bank governor also reckoned that U.S.-China trade war could last for another two years.