XE Market Analysis: Europe – Aug 10, 2018

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The Dollar has rallied strongly into the London interbank open, driving EUR-USD to a 13-month low of 1.1448, Cable to fresh one-year lows under 1.2800 and AUD-USD to three-week lows. The Greenback has also posted gains against most other currencies, most notably the Turkish Lira, which has tumbled to fresh record lows. USD-JPY has lifted out of a two-week low, while Yen crosses have traded lower, partly driven by flagging global equity markets and partly in the wake of above-forecast Japanese Q2 GDP data, which rose 0.5% q/q, above the median forecast for a 0.3% q/q rise.