XE Market Analysis: Europe – Sep 30, 2020

The dollar and yen picked up some safe haven demand during pre-London trading in Asia, though not before printing fresh lows against many currencies. This saw EUR-USD ebb back to a 1.1723 low after earlier printing an eight-day high at 1.1755. EUR-JPY fell back to a low at 123.62 after posting a 12-day peak at 124.26. USD-JPY ebbed back under 105.50 after pegging a 15-day high at 105.81. AUD-JPY dropped from an eight-day high, with AUD-USD seeing a similar price action. The other dollar bloc currencies also came under pressure, as did many currencies from the developing world.