XE Market Analysis: Asia – Apr 25, 2017

The dollar was mixed in N.Y. trade on Tuesday, leaving EUR-USD at four-plus month highs of 1.0949, and USD-JPY at two-plus week highs of 111.10. USD-CAD surged to 14-month top of 1.3626, while cable gravitated to 1.2845 highs. The euro was supported by the French election result, and reports the ECB may shift its policy stance at mid-year. USD-JPY rallied on ongoing risk-on conditions, while USD-CAD popped higher as the result of weak oil prices, and the U.S. imposition of tariffs on Canadian lumber exports.

Source: XE news feed
XE Market Analysis: Asia – Apr 25, 2017