XE Market Analysis: North America – Nov 20, 2018

There have been mixed themes coursing through forex markets so far today. The Euro has come under general pressure, pushing EUR-USD under 1.1430, down from the two-week high posted during the early London interbank session at 1.1473, and EUR-JPY over 60 pips lower from highs to a two-session low at 128.36. The decline has been concomitant with a spike in Italian yields to one-month highs following a lack of progress at the Eurogroup meeting, which finished with Italian officials accusing the EU of stone-walling them.