XE Market Analysis: North America – Oct 08, 2018

The Yen has outperformed while the Pound and the Euro have underperformed amid a backdrop of risk aversion in global markets. Trading conditions have been thinned by the absence of Tokyo today, and with holidays due in Canada and the U.S. The Euro has come under pressure concomitantly with a fresh spike in Italian yields and a sharp dive in Italian equity markets after the European Commission rejected the Italian government’s budget deficit targets.