Emerging market currencies like South African rand (ZAR), Turkish lira (TRY) or Polish zloty (PLN) had very turbulent summer as deteriorating global outlook and tensions around China drew capital outflows. However, hopes that Hong Kong protests may cease and US data suggesting that manufacturing is being hurt by the strong dollar leads to a strong recovery today. USDZAR is plunging by 1.4%, followed by USDTRY, USDMXN (both -0.8%) and USDHUF (-0.7%).
Daily Summary: The dollar in retreat, even as tensions in the Middle East escalate 🚨
EURUSD reverses its technical trend 💡
Canadian CPI slightly higher than expected 🔼 USDCAD reacts
Chart of the day: EURUSD eyes 1.1600! The dollar season is over?