XE Market Analysis: Asia – Feb 24, 2017

The dollar rallied across the board in early morning trade, seemingly led by a sell-off in cable and EUR-USD. The former dropped to intra day lows of 1.2483, coming from 1.2565 into the open, while the latter fell from 1.0617 to 1.0566. There was no specific news linked to the move, though a one-off cable sell order was rumored. The action could have been nothing more than end of week algo action. USD-CAD slid to 7-day lows of 1.3058 after hotter Canada GDP, while cable gave up the 1.25 handle once again, dropping to 1.2477 lows.

Source: XE news feed
XE Market Analysis: Asia – Feb 24, 2017