XE Market Analysis: Asia – Jan 09, 2017

The dollar maintained a softer tone through the N.Y. session on Monday, though traded ranges were relatively narrow overall. Yields dipped, while Wall Street was narrowly mixed, with the DJIA again unable to print the 20k mark. The economic calendar was empty through the morning session. EUR-USD bottomed at 1.0513 early in the session before making its way to 1.0582 highs. USD-JPY meanwhile, succumbed to modest pressure on yields and equities, bottoming at 116.96 after opening near 116.65. USD-CAD fell following a better than expected BoC Q4 business outlook survey, basing at 1.3198, despite softer oil prices. Cable meanwhile, recovered…

Source: XE news feed
XE Market Analysis: Asia – Jan 09, 2017