XE Market Analysis: North America – Nov 20, 2015

The euro came under the cosh, losing as much as 0.5% against the dollar and yen, and ebbing by about 0.3% versus the Swiss franc and sterling. ECB president Draghi provided the catalyst, signalling that an easing is set for December, remarking: “low core inflation is not something that we can be relaxed about,” and, “we will do what we must to raise inflation as quickly as possible.” That was a selling cue for markets regardless of how cautious the Fed might tread after the expected December rate hike.