XE Market Analysis: Asia – Apr 27, 2017

The dollar was mixed in N.Y. trade on Thursday, posting gains versus the euro and CAD, while losing ground to sterling and the yen. ECB chief gave no hint of tapering, as some in the markets had feared, resulting in EUR-USD’s slippage to 1.0853 lows, from a top of 1.0933. USD-JPY fell into 111.05 on reduced risk taking appetite, while USD-CAD printed 14-month highs of 1.3670 on the back of ongoing trade uncertainty with the U.S., and weak oil prices. Incoming data was mixed, with jobless claims higher than expected, and durable orders largely in-line after upward revisions.

Source: XE news feed
XE Market Analysis: Asia – Apr 27, 2017