XE Market Analysis: North America – Oct 12, 2018

EUR-USD edged out a new intraday low of 1.1575, correcting after earlier printing a 12-day high at 1.1610. USD-JPY settled in the lower 111.0s after posting a 25-day low at 111.83 during the late New York PM session yesterday. The low was seen following by broad Dollar declines in the wake of the softer than expected U.S. CPI data yesterday, which has taken the edge out of Fed tightening expectations (although we still anticipate a hike in December, and two further more in the first half of 2019).