XE Market Analysis: Europe – Oct 23, 2015

A risk on theme ensued in Asia-Pacific markets, which underpinned most Asian and commodity currencies, while at the other end of the spectrum was the euro, which extended losses seen after yesterday’s dovish guidance from the ECB. The dollar was left mixed in all this, up against its major currency peers, but down against the dollar block and many EM currencies. EUR-USD extended yesterday’s 1.9% decline, which was its biggest daily decline since March, and clocked a two-month low at 1.1072.