XE Market Analysis: Europe – Dec 07, 2018

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Currencies have been mixed in trade so far today. The Yen has seen some of its safe haven premium unwind, concomitantly with a steadying in global stock markets, although S&P 500 futures are showing a 0.5% loss while the Australian Dollar and other Dollar bloc currencies have drifted back towards lows. EUR-USD has settled to near the midday way of yesterday’s range, around 1.1365-70, which is also roughly the midway point of the choppy range that’s been unfolding over the last week and more. While the pronounced drop in U.S.