XE Market Analysis: North America – Oct 15, 2020

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The dollar and yen have been in demand again as safe haven currencies, while the Australian, along with the the pound and euro, to lessening degrees of magnitude, have been the principal weakening currencies so far today. European stock markets are down heavily, the STOXX 600 index by over 2%, and the S&P E-mini is off by nearly 1%. The USD index (DXY) rose nearly 0.5% in pegging a one-week high at 93.75. EUR-USD fell to a 13-day low at 1.1703. The euro, outside the cases against the Aussie dollar and sterling, has concurrently been losing ground to most other currencies.