XE Market Analysis: North America – Nov 16, 2017

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EUR-USD carved out a fresh low at 1.1767, breaching yesterday’s low by 1 pip and marking a 94 pip decline from yesterday’s one-month peak. The move largely reflected a bid for the dollar, a rebound following a several-day phase of underperformance, while the euro is trading mixed versus other currencies, firmer against the yen and Swiss franc, but weaker against the pound. The release of as-expected final October inflation data out of the Eurozone has had little impact. Decent selling interest is reportedly clustered around the 1.1800 level in EUR-USD.