EUR-USD printed a fresh four-month low at 1.3330. Data, including an expected rise in October Eurozone HICP to 2.2% y/y from 2.1%, had little impact. We remain bearish of EUR-USD with signs of flagging economic growth momentum in the Eurozone, along with concerns about the Eurosceptic political movement, juxtaposing a U.S. economy in relative health with the Fed remaining on a tightening track. EUR-USD resistance comes in at 1.1412-15. USD-JPY remained buoyant amid a backdrop of improved risk appetite in global markets, which has seen save-haven positioning unwind.
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