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Currency Market Analysis

Global Themes

The U.S. dollar crashed to new lows as it deepened a September slide. The mostly weaker dollar slipped to fresh multiweek lows against the euro and Canadian dollar and fell to its weakest in two months against the data-powered British pound. An easing in global risks has kicked away a leg of support for the safer U.S. currency. While the U.S. and China stepped up their trade quarrel this week, the modest tariff increases were considered less draconian than expected and thus likely to have only a muted impact on global growth. Sterling soared more than a percent to mid-July highs after unexpect

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