XE Market Analysis: North America – Nov 23, 2018

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The Dollar has traded firmer against most currencies outside the case versus the Yen, which saw its safe haven premium pick up after Chinese stocks came under heavy pressure, with the SSE index with a 2.5% closing loss, and as oil prices dove by over 4% to fresh 13-month lows. EUR-USD was a leader, tumbling following a miss in German PMI data, with the preliminary November manufacturing estimate coming in at 51.6, off the Reuters survey median for 52.2, and with the composite PMI dropping to 52.2, down from 53.4 in October and well short of the 53.2 median forecast.