XE Market Analysis: Asia – Feb 08, 2017

The dollar again started the session on a stronger footing, though as was the case on Tuesday, faded through the morning session, as yields slipped, and Wall Street sputtered. A soft 10-year note auction appeared to help the greenback later in the session, as Treasury yields bounced. EUR-USD opened at 1.0650 before posting 1.0714 highs, then later drifting into 1.0680. USD-JPY was hit from near 112.10 to 111.63 lows, before rebounding to 112.20 after the auction. Cable recovered the 1.2500 handle, while USD-CAD was range bound, with a slightly lower bias on firmer oil prices.

Source: XE news feed
XE Market Analysis: Asia – Feb 08, 2017