XE Market Analysis: Europe – Nov 23, 2018

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A risk-off theme has been prevailing in Asia into the London interbank open, which has seen the Yen outperform and the Australian Dollar underperform. EUR-USD has lifted moderately, though has remained comfortably below yesterday’s 1.1433 high and has continued to narrowly orbit the 1.1400 level. An abatement in Fed tightening expectations has been keeping the pair buoyed after last week posting a 17-month at 1.1215, though concerns about Italian 2019 budget and Brexit uncertainty are concurrently raining in upside potential.