XE Market Analysis: Asia – Nov 12, 2015

The dollar traded on a mostly softer footing in N.Y. on Thursday, losing ground to the euro, yen and pound, while holding up against the CAD, as oil prices plumbed 10-week lows. Risk off was largely in effect, as Wall Street fell sharply, and as Treasury yields faded. On the data front, weekly jobless claims were near expectations, and were not a market mover. EUR-USD opened near 1.0720, and made its way to 1.0808 highs. Dovish Draghi-speak however, should keep the euro’s upside potential limited for now.