XE Market Analysis: Europe – Sep 08, 2020

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The dollar traded firmer against most peer currencies amid a backdrop of rebounding global stock markets. The narrow trade-weighted USD index printed a four-day high at 93.20, while EUR-USD ebbed to a four-day low at 1.1795. Cable, which is down for a fifth consecutive trading day, posted a 13-day low at 1.3128, while EUR-GBP concurrently lifted to a 13-day high, at 0.8996. The pound also dropped against the yen and other currencies.