XE Market Analysis: Asia – Feb 22, 2017

The dollar was mostly higher in N.Y. trade on Wednesday, though did lose ground to the euro. EUR-USD rallied on headlines that French Centrist Bayrou will bow out of the election and back Independent Macron, giving him a better chance of defeating nationalist Le Pen. The pairing bounced from near 1.0500 to highs of 1.0565 later in the session. USD-JPY got a boost from EUR-JPY buying, again, driven by French politics, taking the dollar pairing to 113.65 highs from 113.06.

Source: XE news feed
XE Market Analysis: Asia – Feb 22, 2017