XE Market Analysis: Europe – Aug 28, 2015

The dollar majors saw contained trade in pre-Europe trade in Asia as risk-on continued for a second data. A 3.0% closing gain in Japan’s Nikkei 225 and 2%-plus gain in China’s Shanghai Composite led other Asian bourses higher on renewed optimism about the U.S. economy following yesterday’s revised Q2 GDP, along with a slew of above-forecast Japanese data today. The S&P 500 closed with a 2.4% gain on Wall Street, building on Wednesday’s solid 3.9% gain. In forex markets, directional impetus was muted.

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