XE Market Analysis: Europe – Nov 17, 2020

Currencies have been seeing narrow ranges so far today after yesterday’s fresh bout of risk-on positioning. The Australian and New Zealand dollars still edged out respective eight-day and eight-month highs, but there wasn’t much appetite for follow-through and both currencies ebbed back. Stock markets have came off the boil today in Asia after rallying strongly yesterday, although Japan’s Nikkei 225 continued its outperforming streak and posted a new a 29-year high. Yesterday the DJIA and the S&P 500 posted fresh recording closing highs, as die the MSCI World Index.