November 15: European session
EUR/USD eased to $1.3430 after having consolidated in the $1.3440/60 range in the Asian trade. Eurozone October CPI came unchanged and in line with forecast at 0.7% y/y, while the core reading slowed from 1.0% y/y to 0.8%. European stock markets moved into the red zone. GBP/USD remains capped below $1.6100 for a second day in row. On Friday is consolidating in the $1.6090/6050 range. EUR/GBP weakened to 0.8360.
“Safe” currencies keep giving ground. USD/JPY is conquering new highs around 100.45. EUR/JPY strengthened to the 135 mark (highest since the end of October). USD/CHF extends the upside for a second consecutive day, strengthening to 0.9190.