XE Market Analysis: North America – Nov 07, 2017

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The dollar has been rally move, showing, as of the late London AM session, a gain of 0.4% versus both the euro and yen, a 0.5% gain in the respective cases against the Australian and Canadian dollars, and a relatively muted 0.2% advance versus the pound. EUR-USD logged a new three-and-a-half month low at 1.1553 after breaching the late October low at 1.1574. The price action affirms the bearish trend that’s been in evolution since early September, when the pair capped out after a five-month rally at 1.2092. Former support at 1.1618-20 now marks resistance. Remarks from U.S.