XE Market Analysis: North America – Oct 30, 2018

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EUR-USD posted fresh intraday lows under 1.1360. EUR-CHF has also come under pressure, while EUR-JPY and EUR-GBP have maintained a relative buoyancy due to specific concurrent underperformance of both the Yen and the Pound. The losses in EUR-USD have been concomitant of a renewed spike in Italian yields following disappointing GDP data out of Italy. USD-JPY rose to an eight-day high of 112.86, extending a rebound from sub-112.00 levels, while EUR-JPY and other Yen crosses also rose as the Japanese currency’s safe-haven premium unwound. The biggest mover was AUD-JPY, which rose by 0.9%.