XE Market Analysis: North America – Dec 06, 2018

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A risk-off theme dominated in forex markets as the global stock rout continued across European and Asian bourses, while S&P 500 futures racked up a 1.7% loss, extending the 3%-plus dive seen on Wall Street on Tuesday. The biggest currency losers have been the relatively high beta Dollar bloc and emerging market currencies, while the biggest winner has been the Yen. The likes of EUR-USD and Cable have traded neutrally, with EUR-USD oscillating in the mid-to-lower 1.1300s and Cable settled in the lower-to-mid 1.2700s, with a slight upside gain. While the U.S.