XE Market Analysis: Europe – Sep 24, 2020

Comments are off

The dollar is up for a fourth consecutive day, and the yen also gained in lockstep versus other currencie. The biggest losers were the dollar bloc and other commodity-correlating currencies, along with many developing world currencies, in what is a classic risk-off positioning pattern. Global stock markets and commodity prices tumbled again, with yesterday’s rebound proving to be short lived. Incoming September data, including out of the U.S.