XE Market Analysis: North America – Nov 09, 2017

EUR-USD has been choppy, dipping under 1.1600 before rebounding to the 1.1640 area in the late London AM session. The dip came after ECB’s Coeure said earlier that there is nothing that would justify an end to ECB monetary stimulus, while the rebound reflected a broader drop in the dollar, which seemed to correlate a deepening risk-off theme in European stock markets. Uncertainty over the pending Republican tax reform bill, with different versions being debated in the House and the Senate, has been in the mix.

Source: XE news feed
XE Market Analysis: North America – Nov 09, 2017