XE Market Analysis: North America – Nov 11, 2015

The dollar picked itself up during the European AM session after weakening during the Asian session . EUR-USD was pressured back to the low 1.07s after rebounding from yesterday’s foray to 1.0674. An intraday peak was left at 1.0773. ECB’s Visco said that the possibility of a deposit rate cut will be assessed at the December policy meeting. USD-JPY recovered back above 123.00 after making three-day low at 122.73 in Tokyo trade. This put the pair back to near net unchanged on the day. The move reflected part dollar strength and part yen weakness.