XE Market Analysis: Asia – Dec 16, 2016

The dollar lost some altitude in N.Y. Friday trade, with pre-weekend profit taking setting in ahead of the holiday period, which kicks in in earnest next week. EUR-USD topped near 1.0475, after finding support into the 1.0400 level. USD-JPY meanwhile, was spooked by news that China seized a U.S. naval drone in the South China Sea, which took the pairing to 117.50 lows from morning high of 118.40. USD-CAD pulled back from the 1.3400 level on firmer oil prices, as cable rallied out of 1.2400, peaking at 1.2510.[EUR, USD]EUR-USD faded to 1.0401 lows, just under the Asian base of 1.0406.…

Source: XE news feed
XE Market Analysis: Asia – Dec 16, 2016