XE Market Analysis: Asia – Sep 04, 2017

The USD index closed out in London with a 0.4% loss after a bout of selling during the opening volleys of Asia-Pacific trade and again during the London AM session. North Korea’s weekend nuclear antics set a risk-off tone in global markets, which saw the dollar extend losses seen after Friday’s sub-forecast U.S. jobs report. EUR-USD logged a high at 1.1922 during the London morning, over 50 pips up on Friday’s closing level, before settling to a narrow orbit of 1.1900.