XE Market Analysis: Europe – Nov 20, 2018

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The Dollar has been trading mixed-to-softer overall. USD-JPY printed a three-week low at 112.40 in the Tokyo AM session before settling. At the same time, AUD-JPY hit a four-session low. The lows reflected a bearish sentiment in global equity markets, which have been led lower by a pronounced tech sector sell off and a broader concern about the state of relations between the U.S. and China. The Nikkei 225 closed 1.1% for the worse, while China’s SSE index was slowing a loss of just over 2% heading into the close.