XE Market Analysis: Europe – Oct 30, 2017

Comments are off

Narrow ranges prevailed for the most part in early week trading in currency markets. The biggest mover was, once again, the New Zealand dollar, which fell by over 0.5% as markets continue to adjust to the expected policy package of the new coalition government. A risk-off theme gave the yen an underpinning, amid concerns about the situation in Catalonia and expectations for Trump to announce the hawkish candidate Powell as the next Fed chairperson, underpinned the yen. USD-JPY ebbed to a two-session low at 113.52. EUR-USD, meanwhile, plied a narrow range around 1.1600.