XE Market Analysis: Asia – Feb 23, 2017

The dollar pulled back during the CNBC interview with new Treasury Secretary Mnuchin ahead of the N.Y. open on Thursday. He gave few detail on taxes, and perhaps won’t for some time, with the secretary aiming at an August implementation of tax reform. He did not rule out a border tax, and revealed some concern over an “excessively strong” dollar. USD losses continued through the morning session, taking EUR-USD to 1.0595 highs, and USD-JPY to two-week lows of 112.56. USD-CAD traded briefly under 1.3100, while cable recovered over 1.2560, also a two-week high.

Source: XE news feed
XE Market Analysis: Asia – Feb 23, 2017