XE Market Analysis: North America – Nov 16, 2018

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The Dollar has traded mixed today, losing ground to a firmer Yen, Sterling and Australian Dollar, while gaining verses the Euro, which came under broader pressure. EUR-USD drifted nearly 50 pips lower to an intraday low of 1.1321 after earlier printing a one-week high at 1.1368. ECB President Draghi affirmed that the path to phasing out QE remains in place while emphasizing it would be subject to data, which kept the door to extending the QE program slightly ajar. Cable has traded firmer, settling near 1.2800 after earlier printing a rebound-high at 1.2824.