XE Market Analysis: Europe – Nov 06, 2015

The dollar has remained steady, but underpinned into the U.S. payrolls showstopper today. The data carries make-or-break potential with regard to the possibilities of the Fed initiating rate lift-off in December, and with the unemployment rate widely anticipated to dip to a new cycle low of 5.0%, markets are positioned for this eventuality. EUR-USD has held a narrow range below 1.0900, and USD-JPY has made time in the upper 121s, holding below yesterday’s two-and-a-half-month-peak at 122.00.