XE Market Analysis: North America – Nov 29, 2018

The Dollar lifted out of fresh lows, while the Yen outperformed as Europe stock markets pared opening gains, S&P 500 futures sank and after the main Chinese stock indexes closed with 1%-plus losses for a second day. EUR-USD fell back to 1.1350 after printing a four-session high at 1.1397 as the impact of Fed Powell’s dovish turn yesterday faded. A fresh wobble in markets for Italian assets provided a reminder of the euro’s reasons-to-be-bearish list, while softer than expected German state inflation data, in preliminary estimates for November, were also in the mix.