XE Market Analysis: North America – Aug 08, 2018

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There have been several themes at play so far today, one being a Dollar recovery from lows, another being a sharp decline in the Pound, and another being Yen outperformance. To start with Sterling, as it has been the biggest mover, Cable plunged over a big figure to one-year lows under 1.2875, while the Pound concurrently dove to a nine-month low versus the Euro and an 11-month low against the Yen.