XE Market Analysis: Europe – Nov 23, 2017

The dollar has remained on a downward path. USD-JPY extended the sharp decline of yesterday, logging a two-month low of 111.06 in a thin Asia-Pacific session, lacking Tokyo participation due to Japan’s version of thanksgiving, before settling around the 111.30 mark. EUR-USD logged an eight-day high of 1.1839 while the USD index (DXY) concomitantly fell to a one-month low. The buck’s weakness follows soft initial claims and durable orders data out of the U.S.