XE Market Analysis: Asia – Dec 15, 2016

The dollar advanced further in N.Y. trade on Tuesday, helped by a rebound on Wall Street, amid a series of strong U.S. data. The Philly Fed and Empire State indices were much improved, helping the DXY to new trend highs of 103.55. EUR-USD slumped to 1.0367 into the London close, though was later able to reclaim the 1.04 handle on general short covering interest. USD-JPY fell briefly to 117.67 lows, though was able to rally back over 118.60 as Stocks climbed higher. USD-CAD topped 1.3400 on the combination of softer oil prices, and widened U.S/Canada yield spreads. Cable faded to…

Source: XE news feed
XE Market Analysis: Asia – Dec 15, 2016