XE Market Analysis: Asia – Feb 27, 2017

FX trade was relatively calm in N.Y. on Monday, with the dollar mixed, and inside of relatively narrow bands overall. EUR-USD posted six-session highs of 1.0644 before fading back under the figure, while USD-JPY briefly dipped under 1.1200 before rallying to near 112.60 on firmer yields and prospects for U.S. fiscal stimulus. USD-CAD was buoyed by softer oil prices, while cable bounced back over 1.2475 after making two-week lows in London. Focus will shift to president Trump’s State of the Union address on Tuesday, where markets will look for sign of policy leanings.

Source: XE news feed
XE Market Analysis: Asia – Feb 27, 2017