XE Market Analysis: Asia – Jan 02, 2018

The dollar started the year under pressure, as it has been since mid-December. The DXY fell to a better than three-month low of 91.77 into the open, before recovering marginally. EUR-USD bottomed at 1.2027, down from overnight highs of 1.2081, before settling near 1.2050. USD-JPY meanwhile maintained a narrow band above 112.00. USD-CAD found support early on, before printing 1.2500 trend lows, as oil prices held the $60 mark. Cable topped at 1.3600, a trend high.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Jan 02, 2018