XE Market Analysis: Asia – Feb 14, 2017

The dollar rallied broadly in N.Y. on Tuesday, with moves driven by Fed chair Yellen’s congressional testimony, as she kept a March rate hike in the picture, saying a rate hike would be appropriate “at our upcoming meetings”. All meetings are “live”, though this statement appeared to have been the driver to bump up the dollar. EUR-USD fell from 1.0615 to 1.0562, a one-month low, as USD-JPY ramped up over 114.50 from under 113.65, posting a better than two-week high in the process. Yields surged higher, while stocks were resilient, trading modestly higher.

Source: XE news feed
XE Market Analysis: Asia – Feb 14, 2017