XE Market Analysis: Europe – Nov 24, 2015

EUR-USD is moderately firmer today after logging a new seven-month low of 1.0593 during the New York PM session yesterday. EUR-JPY has seen a similar price action, logging a near-seven-month low and trading modestly firmer since. USD-JPY has traded slightly heavier, edging out a five-day low of 122.65. Focus now falls on a plethora of data releases out of Germany, while the U.S. has a bunch of releases, too, before tomorrow’s Thanksgiving holiday. Final Q3 GDP was confirmed at 0.3% q/q, as expected, while the November Ifo business expectations survey is expected to lift to 108.3.