XE Market Analysis: Europe – Nov 05, 2015

The dollar has consolidated the gains it saw yesterday. EUR-USD, the recent recipient of contrasting hawkish guidance from the Fed and dovish guidance from the ECB, remained heavy, sinking during the Asia-Pacific session back to the mid 1.08s from the 1.0870-75 area, though the pair remained above yesterday’s three-and-a-half-month-low. USD-JPY also remained below its two-and-a-half-month-high, at 121.72, holding in a narrow range around 121.50. Its 100-day moving average at 121.76 marks resistance.