XE Market Analysis: North America – Oct 28, 2015

The dollar softened fractionally against the euro and yen as markets await the FOMC. EUR-USD lifted north of 1.1050, while USD-JPY ebbed south of 120.30. ECB member Hansson provided a reminder that not all council members are of a dovish mind-set, saying that he doesn’t see any “convincing reason” to consider further policy action in December. Japanese retail sales fell 0.2 y/y, but rose 0.7% m/m, up from 0.0% in August, though below the median forecast for a 1.1 y/y gain.