Source: ForexYard
The Japanese yen took additional losses against both the euro and US dollar in overnight trading, as speculations that the Bank of Japan will initiate a new round of monetary easing next month continued to weigh down on the currency.
The price of crude oil saw little movement last night, as a cease fire agreement between Israel and Hamas resulted in investor supply side fears decreasing. The commodity spent most of the night trading around $87.50 a barrel.
Today, traders will want to note that US markets will be closed in observance of the Thanksgiving holiday.
Main News for Today
Spanish 10-Year Bond Auction
• The euro could turn bearish if today’s bond auction shows that Spanish borrowing costs have gone up
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