XE Market Analysis: North America – Oct 07, 2015

The dollar traded lower against the emerging market and dollar-bloc currencies, though posted moderate gains against the euro following sub-forecast German production data. German industrial production declined 1.2% m/m in August, which follows yesterday’s unexpected 1.8% m/m decline in factor orders to corroborate the view that the ECB might be headed for an expansion in its QE program. EUR-USD dipped to a low of 1.1222, since settling around 1.1250.