XE Market Analysis: North America – Nov 24, 2015

The dollar traded lower, both into and after news that Turkey had shot down a Russian fighter jet that Ankara claimed had violated its airspace near the Syrian border. A much stronger than expected German Ifo business survey, which rose to a 109.0 November headline reading from September’s 108.2, gave the euro a lift, too. EUR-USD spiked to an intraday high of 1.0671 on the day, subsequently settling around the 1.0640-50 region. USD-JPY, meanwhile, fell to an eight-day low of 122.40 before recouping above 122.50.