XE Market Analysis: North America – Oct 29, 2018

It’s been a slow start to the week in terms of direction in currency markets. EUR-USD ebbed back under 1.1400 after failing to sustain gains above this level. An intraday low was printed at 1.1360 and the pair has since settled around the 1.1380-90 area. Italy’s 10-year yields fell nearly 10 bp to near four-week lows under 3.350% following S&P’s refrain from cutting its rating of Italian sovereign debt, which remains 2 notches above junk, but concerns remain about Eurozone fundamentals.