XE Market Analysis: Asia – Aug 25, 2017

The dollar was steady into the Yellen speech from Jackson hole, though pulled back following the release of her prepared comments, which revealed no new clues on the policy outlook. As a result, the FX market appeared to go back to its baseline expectations of no more rate hikes this year. EUR-USD spiked up to three-week highs of 1.1889 from 1.1795, then following Draghi’s speech, ramped up to 1.1941. USD-JPY tumbled to 109.12 lows from over 109.75. USD-CAD printed three-week lows of 1.2466, while cable topped at 1.2887..[EUR, USD]

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