XE Market Analysis: Europe – Aug 30, 2018

The Dollar and Yen have traded firmer against most other currencies as the risk-on sentiment that powered the S&P 500 and Nasdaq to new record highs waned in Asia. The USD index (DXY) is showing a modest rebound from lows, while EUR-USD has concurrently tipped back under 1.1700. USD-JPY has held in a narrow range below the four-week high at 111.83 that was printed yesterday as Wall Street romped higher amid hopes that the U.S.