XE Market Analysis: North America – Nov 19, 2015

The dollar is trading generally lower in the wake of the Fed minutes yesterday, which signalled a gradual and cautious path to further tightening beyond a still-likely December rate hike. This was tonic for stock markets, but toxic for the dollar. EUR-USD clocked a three-day high of 1.0718, weathering fresh dovish ECB-speak. USD-JPY fell to a three-day low of 123.08, remaining heavy thereafter.