XE Market Analysis: Europe – Nov 16, 2015

The euro dove before rebounding as markets reacted to Friday’s terrorist attacks in Paris. EUR-USD dove to a low over 80 pips in making a low of 1.0685, which left last Monday’s near seven-month-low unchallenged, before rebounding to the 1.0740 area. While the euro dropped in early session, the yen rallied; USD-JPY clocked a one-week low of 122.22 while EUR-JPY logged a near-seven-month low at 130.64. Both USD-JPY and EUR-JPY subsequently unwound most of these losses.