XE Market Analysis: North America – Oct 06, 2015

The dollar ebbed against the yen and euro. EUR-USD lifted back above 1.1200 after basing at 1.1172 following German manufacturing orders data, which fell 1.8% m/m in August data, confounding the median forecast for a 0.5% rise. The data corroborates the view that the ECB might be headed for an expansion in its QE program, though impetus to sell euros proved fleeting. USD-JPY, meanwhile, remained in a range in the low 120.0s.

[EUR, USD]