XE Market Analysis: North America – Oct 29, 2015

The dollar’s post-Fed surge petered out today. EUR-USD logged a rebound peak of 1.0976, and then turned back under 1.0960. The run higher coincided with an unexpected rise in the Eurozone economic confidence index, to 105.9 from 105.6, though the data is not likely to re-route the ECB’s course to turning the stimulus spigot again. USD-JPY failed to sustain post-Fed statement gains above 121.00, with the pair subsequently settling around 120.80 with markets cautious ahead of tomorrow’s BoJ meeting.

[EUR, USD]