The euro fell to a 7-month low

The euro fell to a 7-month low against the dollar, offset by increases in the first week of the month. Reduction of the single European currency due to the terrorist attacks in Paris and their impact on the European economy.

The euro was under pressure on expectations the expansion of the ECB's quantitative easing program at its meeting in December. This reinforces the perspective of strategic differences with the Federal Reserve, which may raise interest rates as early as next month.

"In the morning the markets were uncertain and sluggish, history shows that after such events, any market reaction to a temporary", - said a senior currency strategist at Nordea Markets Aurelia Augulite in Copenhagen. "Now the dollar is a bit stronger, because all follow the American inflation and the Federal Reserve protocol and rate decision will be finalized only in December."

US inflation data will be released on Tuesday. The Fed will release the October report at the meeting on November 18. The euro fell 0.8% to $ 1.0686. It was the strongest fall since April 15. The yen has weakened by 0.5% to 123.18 against the dollar. The New Zealand dollar fell by as much as 1.1%, showing a 6-week low. The ECB meeting will be held December 3, to be discussed in it attempts to contain inflation and stimulate economic growth in the regions.

"The fall of the euro took place against the backdrop of concerns and uncertainty about the impact that will have on the economy of the Paris event," - said the London strategist at Societe Generale SA Alvin T. Tang. "However, the currency has managed to recover some positions as economic anxiety is likely to be temporary. Focus markets focused on the strategic divergence between the ECB and the Fed. "

The history of terrorist incidents around the world over the past 15 years shows that the reaction of the markets are becoming more short-lived.

"I do not think that horrific event on Friday will cause change in the macroeconomic" - said Richard Benson, an investment manager at Millennium Global Investments Ltd. in London. "The strategic divergence of the central bank is the main pillar of my investment thesis, and the Fed finally decides in December."

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