XE Market Analysis: North America – Nov 10, 2015

EUR-USD slumped back to the low 1.07s after a short-lived foray during the early London session to a peak of 1.0764. The low so far has been 1.0722, which is two pips above yesterday’s low. ECB member Liikanen said that the central band stands ready and willing to act, firming speculation that a cut in the deposit rate is in the works for December. Improvements in French and Italian production data had little impact.