XE Market Analysis: Europe – Dec 21, 2018

The Dollar majors have posted narrow ranges so far today, amid thin year-end volumes. Risk aversion has remained the dominant theme in equity markets in Asia following another negative closing on Wall Street on the familiar mix of the U.S. v China standoff and concerns about slowing global growth, although some Asian bourses, including Hong Kong and South Korea, have managed to stabilise, as have S&P 500 futures. USD-JPY and Yen crosses have steadied above the trend lows that were seen yesterday.