XE Market Analysis: Asia – Dec 29, 2016

The dollar came under pressure in N.Y. on Thursday, the last full trading day of the year, as positions were pared, year-end repatriation flows were finished up, and as yields dipped lower. EUR-USD climbed back over 1.0490 from lows near 1.0445, as USD-JPY slipped into 116.25, as Wall Street traded lower. USD-CAD eased into the 1.3480 region on firmer oil prices, while cable bucked the trend, remaining soft, and near two-month lows above 1.2200. Activity overnight will be muted, and an early bond market close in the U.S. on Friday will ensure a lack-luster outing to end the year.[EUR, USD]EUR-USD…

Source: XE news feed
XE Market Analysis: Asia – Dec 29, 2016