XE Market Analysis: Europe – Oct 08, 2018

The Dollar has traded steadily in thin trading. Chinese markets reopened after a week-long break, while Japanese markets are closed today, as will be Canadian markets today, and Treasury markets in the U.S. (although Wall Street will be open). A risk-off sentiment has coursed through Asian markets as investors digest last week’s spike in U.S. and global yields. This backdrop, along with firmed-up Fed tightening expectations, should keep the Dollar broadly underpinned.