XE Market Analysis: North America – Nov 02, 2017

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The dollar has been trading generally softer so far today, although was settled at near net unchanged levels against the yen heading into the New York interbank open and up versus the pound. Reports that Fed Governor Powell will be nominated to the Fed Chairmanship position later today imparted a downside spin on the greenback, with Powell is seen as one of the more dovish candidates for the top job at the Fed, similar to Yellen. EUR-USD logged a one-week high at 1.1671 in Asia before ebbing back to near 1.1650, while USD-JPY ebbed under 114.00, leaving a three-day high at 114.28.