XE Market Analysis: Asia – Feb 09, 2017

The dollar moved higher into and following stronger U.S. data, taking EUR-USD to 1.0651 lows, from near 1.0690. USD-JPY meanwhile, spiked up to 113.29 highs from near 112.35. Yields and stocks moved higher as well. The initial rally just ahead of the wholeslae data appeared to have been started by comments from president Trump, who said news on tax policy would be coming in the next few weeks. In addition, the Fed’s Bullard, said the impact of a stronger dollar can be overblown by the markets.

Source: XE news feed
XE Market Analysis: Asia – Feb 09, 2017