XE Market Analysis: Europe – Nov 13, 2015

The dollar found its feet after correcting yesterday, which was largely a squeeze on long positions. Commodity prices have remained weak, with copper prices trading below $4,800 for the first time since 2009, and NYMEX crude futures ebbing into three-month low territory. Equity markets were also pressured in Asia, which follows a run of weak data out of China this week. In forex markets, the dollar has been largely steady ahead of a plethora of data releases out of both Europe and the U.S today.