XE Market Analysis: Europe – Sep 19, 2018

The Dollar has continued to trade with a softening bias, aside from the case of USD-JPY, which posted a two-month high at 112.43 amid a backdrop of rallying stock markets in Asia. Sentiment has been buoyed by pledges of pro-investment and pro-growth measures by China, North Korea’s Kim vow to work on the “complete denuclearization” of the Korean Peninsula, and with Trump declaring that the U.S. trade deal with South Korea has been “fully renegotiated.” These factors have offset the escalation in the U.S.-China trade war.