XE Market Analysis: North America – Nov 13, 2015

The dollar remained in narrow ranges ahead of a plethora of U.S. data today. EUR-USD dipped to a low of 1.0751 before recovering to the 1.0800 during the early European PM, with the euro failing to make much downside progress despite weaker than forecast Eurozone growth data. Eurozone GDP fell 0.3% q/q in preliminary numbers for Q3, down on the median forecast for 0.4%, which would have been unchanged from Q2. USD-JPY remained heavy, making a low at 122.49, with global stock market losses revitalising the yen’s haven status.