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Currency Market Analysis

Global Themes

America’s down-on-its-luck dollar edged above multimonth lows as global fears subsided and data put a spotlight on economic fundamentals. The U.S. dollar has been swept up in global selling that has sent stocks, commodities and interest rates all careening lower. The stampede out of risk and into safety has hammered the dollar, knocking it to October 2014 lows against the yen and October 2015 lows against the euro. But a tentative calm in the financial market storm Friday helped the dollar claw back some losses. Growth in the euro zone held steady, albeit in a low gear, over the final quarter

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