XE Market Analysis: Europe – Oct 11, 2018

The Dollar has traded weaker during the Asian session, into the European opening. The has seen EUR-USD climb to the mid 1.1500s and USD-JPY post a three-week low at 111.97. EUR-JPY and AUD-JPY have both seen one-month lows, amid Yen safe-haven outperformance as global stock markets are routed. The Nikkei 225 closed 3.9% for the worse, while the Shanghai Composite is showing a loss of 4.7%, as of the mid-PM session there. This follows Wall Street’s worst day in over eight months yesterday, with S&P 500 futures extending lower by a further 1% in overnight trading.