XE Market Analysis: Asia – Apr 28, 2017

FX trade was relatively subdued in N.Y. on Friday, leaving the dollar narrowly mixed by the close. A softer Q1 GDP revision coupled with firmer price indicators provided modest support to the greenback early on, though those gains largely reversed themselves through the morning. EUR-USD topped near 1.0935 before slipping to 1.0884 lows, while USD-JPY topped at 111.72 before making its way to 111.34 lows. USD-CAD rallied to new 14-month highs of 1.3697 on continued U.S./Canada trade tensions, while cable rallied from 1.2900 lows to 1.2965, a new six-month peak.

Source: XE news feed
XE Market Analysis: Asia – Apr 28, 2017