XE Market Analysis: North America – Nov 17, 2015

The dollar continued to trade firmly against both other currencies and commodities. EUR-USD fell to a new seven-month low of 1.0643. ECB board member Praet encouraged selling by saying in a Bloomberg interview that “there are risks and that is why we are considering further action.” USD-JPY to a one-week peak of 123.43. This reflected general dollar strength, and a backdrop of firmer equity markets that encouraged yen selling.