XE Market Analysis: Europe – Nov 17, 2015

The dollar has made fresh advances, which took EUR-USD to a new seven-month low of 1.0650 and USD-JPY to a one-week peak of 123.43. ECB board member Praet encouraged euro selling by saying in a Bloomberg interview that “there are risks and that is why we are considering further action,” while a backdrop of firmer equity markets encouraged yen selling. The greenback also logged fresh highs versus sterling, the Australian and New Zealand dollars.