XE Market Analysis: Asia – Apr 26, 2017

The dollar moved higher in N.Y. trade on Wednesday, ahead of the tax reform announcement, helped early on by positive U.S. tax reform talk and higher stocks. USD-JPY was choppy, though managed near one-month highs of 111.76 as Treasury Secretary Mnuchin called for 15% corporate tax rates, and a 10% tax on repatriated profits. EUR-USD found support ahead of its 200-day moving average at 1.0840, while USD-CAD rallied from lows near 1.3540 to 1.3619 after reports the U.S. was preparing an order to quit NAFTA.

Source: XE news feed
XE Market Analysis: Asia – Apr 26, 2017