XE Market Analysis: Europe – Sep 04, 2020

The dollar has is at softer levels in narrow ranges following the sharp tech-led correction on Wall Street, which has in led to a sizeable retreat in global stock markets. The narrow trade-weighted USD index (DXY) settled just above yesterday’s low at 92.69. The low was the culmination of a drop from the one-week high at 93.06. The ebb shows that the market isn’t looking at the dollar as a safe haven, as it had been earlier in the year.