XE Market Analysis: Asia – Dec 13, 2016

The dollar largely moved sideways through the N.Y. session Tuesday, as traders sat on their hands ahead of Wednesday’s FOMC announcement, where a 25 basis point rate hike is universally expected. Aside from slightly weaker import and export prices, there was no data on tap to move markets. This said, Wall Street soared to record highs, as the Trumpflation trade continued unabated. EUR-USD ranged between 1.0610 and 1.0667, as USD-JPY found support under 115.00, basing at 114.97 before rallying to 115.31 highs. USD-CAD posted new two-month lows of 1.3103, though held the figure, bouncing back to 1.3130. Cable dropped from…

Source: XE news feed
XE Market Analysis: Asia – Dec 13, 2016