XE Market Analysis: US Dollar Slide Continues

OVERVIEW

  • Euro hit a 2.5 year high against a weaker US Dollar as Hurricane Irma storms towards Florida. 
  • UK factory output increased at the fastest pace this year in July, but the trade deficit remained large at £11.58 billion.
  • German trade surplus narrowed in August with exports growing less than expected. 
  • China’s trade surplus fell short of expectations as export growth slowed down, while imports jumped 13%.
  • Canadian employment rose by 22,000 last month, unemployment rate falls to lowest since 2008.