XE Market Analysis: North America – Oct 27, 2015

EUR-USD has settled to a close orbit of 1.1050, drifting back to this area after briefly lifting above 1.1070, which was the highest regions seen since last Thursday’s ECB press conference. ECB’s Praet sounded out some dovish remarks, though these largely echoed Draghi’s keynote remarks last week. We also had news that the Oct aid payment to Greece is being delayed due to too-slow implementation of reforms. USD-JPY has traded lower for a second consecutive day, falling to the 120.35-50 area, extending the decline from the 121.50-51 area (which capped a nine-day rally from 118.06).